Home » MCQs » Commerce MCQs » GST MCQs

When the goods are supplied is the input tax reversed?

33. When the goods are supplied is the input tax reversed?

1. To the extent of credit taken
2. No
3. Fully
4. To the extent of the value of goods

Answer: A) To the extent of credit taken

Explanation:

Where an ordinary citizen selects to pay a charge under an arrangement plan or products/administrations provided by him become absolved. In the event of an inventory of capital products or plant and apparatus, on which info tax reduction has been taken. Each enrolled individual whose enlistment is dropped.