A dealer has opted for composition scheme and paid input VAT of ₹40,000. The amount of input VAT credit available to the dealer would be —
CS Executive · Tax Laws and Practice · PYQS · December 2016
A dealer has opted for composition scheme and paid input VAT of ₹40,000. The amount of input VAT credit available to the dealer would be —
Answer & Explanation:
Correct Answer: Option (C)
Official answer key: (C).
Topics: VAT
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