VAT on which of the following goods is not eligible for input tax credit— (A) Sugar (B) Textiles (C) Tobacco (D) Aviation turbine fuel.
CS Executive · Tax Laws and Practice · PYQS · June 2016
VAT on which of the following goods is not eligible for input tax credit— (A) Sugar (B) Textiles (C) Tobacco (D) Aviation turbine fuel.
Answer & Explanation:
Correct Answer: Option (D)
Official answer key: (D).
Topics: VAT
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