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Commerce · Q55

GST

Graduate and Post Graduate · Commerce · question 55

Q55

Is Input tax to be reversed in case of supply of capital goods

A.
Yes fully
B.
No
C.
Yes, to extent of credit taken as reduced by prescribed percentage or tax on transaction value whichever is higher
Answer
D.
Yes to the extent of transaction value of such goods

Answer: Option C

Solution

Answer: Option C
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