When goods purchased within the State with VAT rate of 13.5% are transferred to branch office in another State, the eligible input tax credit for the goods transferred would be —

CS Executive · Tax Laws and Practice · PYQS · December 2016
When goods purchased within the State with VAT rate of 13.5% are transferred to branch office in another State, the eligible input tax credit for the goods transferred would be —
(A) 13.5%
(B) 4%
(C) 10%
(D) 11.5%.

Answer & Explanation:

Correct Answer: Option (D)

Official answer key: (D).

Topics: VAT

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