ABC Ltd. is engaged in manufacture of electrical appliances supply following details relating to GST paid on various items by them: Item | GST Paid (₹) Electrical Transformers utilized in the manufacturing process | 1,20
CS Executive · Tax Laws · PYQS · December 2019
ABC Ltd. is engaged in manufacture of electrical appliances supply following details relating to GST paid on various items by them: Item | GST Paid (₹) Electrical Transformers utilized in the manufacturing process | 1,20,000 Trucks used for transporting materials | 80,000 Cakes and Pastries for consumption within factory | 12,500 The amount of Input Tax Credit (ITC) available to ABC Ltd. shall be __________
Answer & Explanation:
Correct Answer: Option (A)
Official answer key: (A).
Topics: Goods and Services Tax (GST)
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