Which of the following purchase is not eligible for input tax credit— (A) Purchase for resale within the State (B) Purchase for being used in the execution of works contract (C) Inter-State purchase (D) Purchase of packi
CS Executive · Tax Laws and Practice · PYQS · June 2016
Which of the following purchase is not eligible for input tax credit— (A) Purchase for resale within the State (B) Purchase for being used in the execution of works contract (C) Inter-State purchase (D) Purchase of packing material.
Answer & Explanation:
Correct Answer: Option (C)
Official answer key: (C).
Topics: VAT
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