(i) Input tax credit availed during the month of April, 2015 is ₹20,500 (ii) Output tax payable for April, 2015 is ₹16,000 (iii) CST payable on inter-State sales for April, 2015 is ₹3,800 From the above, amount of VAT cr
CS Executive · Tax Laws and Practice · PYQS · December 2015
(i) Input tax credit availed during the month of April, 2015 is ₹20,500 (ii) Output tax payable for April, 2015 is ₹16,000 (iii) CST payable on inter-State sales for April, 2015 is ₹3,800 From the above, amount of VAT credit that can be carried over to next month is
Answer & Explanation:
Correct Answer: Option (C)
Official answer key: (C).
Topics: VAT (Value Added Tax)
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