

McqMate
Q. |
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 |
D. | Yes, to the extent of transaction value of such goods |
Answer» C. Yes, to extent of credit taken as reduced by prescribed percentage or tax on transaction value whichever is higher |
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