Inox Ltd engaged in manufacture of electrical appliances provides the details of the GST paid on various items during the month of January, 2020 and asks you to find out the amount of input tax credit (ITC) available to
CS Executive · Tax Laws · PYQS · December 2020
Inox Ltd engaged in manufacture of electrical appliances provides the details of the GST paid on various items during the month of January, 2020 and asks you to find out the amount of input tax credit (ITC) available to them: Particulars Amount (₹) Transformers used in manufacturing process 3,00,000 Mini Trucks used for transportation in factory 2,00,000 Food, Pastries and articles consumed in factory 25,000 Machine capitalized with tax to claim depreciation 2,50,000
Answer & Explanation:
Correct Answer: Option (B)
Official answer key: (B).
Topics: GST
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