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Self Assessed output tax liability can be utilized against?

36. Self Assessed output tax liability can be utilized against?

1. Interest
2. Fine
3. Any Tax Liability
4. Provisional Input Tax

Answer: D) Provisional Input Tax

Explanation:

From first January 2022, ITC cases will be permitted provided that it shows up in GSTR-2B. In this way, the citizens can don't guarantee 5% temporary ITC under the CGST Rule 36(4) and guarantee each ITC esteem asserted was reflected in GSTR-2B.