Manohar & Co. paid input VAT at 13.5% on raw materials. It transferred the manufactured goods to its branch in Andhra Pradesh. How much claim of VAT input is allowed— (A) Nil (B) 13.5% (C) 11.5% (D) 2%.
CS Executive · Tax Laws and Practice · PYQS · June 2016
Manohar & Co. paid input VAT at 13.5% on raw materials. It transferred the manufactured goods to its branch in Andhra Pradesh. How much claim of VAT input is allowed— (A) Nil (B) 13.5% (C) 11.5% (D) 2%.
Answer & Explanation:
Correct Answer: Option (B)
Official answer key: (B), (C). Official source note: Two options (B & C) are correct.
Topics: VAT
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