A dealer in Chennai purchased goods from a dealer in Mysore for ₹70,000 and paid central sales tax @ 2% being ₹1,400. The goods purchased were used for manufacture of a commodity liable for VAT at 14.5%. The dealer at Ch
CS Executive · Tax Laws and Practice · PYQS · December 2016
A dealer in Chennai purchased goods from a dealer in Mysore for ₹70,000 and paid central sales tax @ 2% being ₹1,400. The goods purchased were used for manufacture of a commodity liable for VAT at 14.5%. The dealer at Chennai is eligible for input tax credit of —
Answer & Explanation:
Correct Answer: Option (C)
Official answer key: (C).
Topics: VAT
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