The available balance of input tax credit in the electronic ledger of the registered person on account of Union territory tax shall be utilized as per section 9 of UTGST Act, 2017

CS Executive · Tax Laws and Practice · PYQS · December 2018
The available balance of input tax credit in the electronic ledger of the registered person on account of Union territory tax shall be utilized as per section 9 of UTGST Act, 2017
(A) first towards payment of central tax
(B) first towards payment of integrated tax
(C) first towards payment of union territory tax and the amount remaining, if any towards payment of integrated tax
(D) none of the above

Answer & Explanation:

Correct Answer: Option (C)

Official answer key: (C).

Topics: GST

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