ЁЯУв Too many exams? DonтАЩt know which one suits you best? Book Your Free Expert ЁЯСЙ call Now!
  • google app store apple app store
    • тЬЦ

      Question

      Under the GST Laws, in the case of refund on account of

      inverted duty structure, refund of input tax credit shall be granted as per which of the following formulas?
      A Maximum Refund Amount = {(Turnover of inverted rated supply of goods and services) + Net ITC Adjusted Total Turnover} + [{tax payable on such inverted rated supply of goods and services + (Net ITC ├╖ ITC availed on inputs and input services)}] Correct Answer Incorrect Answer
      B Maximum Refund Amount = {(Turnover of inverted rated supply of goods and services) + Net ITC Adjusted Total Turnover} + [{tax payable on such inverted rated supply of goods and services тИТ (Net ITC ├╖ ITC availed on inputs and input services)}] Correct Answer Incorrect Answer
      C Maximum Refund Amount = {(Turnover of inverted rated supply of goods and services) ├Ч Net ITC Adjusted Total Turnover} + [{tax payable on such inverted rated supply of goods and services ├Ч (Net ITC ├╖ ITC availed on inputs and input services)}] Correct Answer Incorrect Answer
      D Maximum Refund Amount = {(Turnover of inverted rated supply of goods and services) ├Ч Net ITC Adjusted Total Turnover} тИТ [{tax payable on such inverted rated supply of goods and services ├Ч (Net ITC ├╖ ITC availed on inputs and input services)}] Correct Answer Incorrect Answer

      Solution

      The correct answer is D

      Practice Next
      More Accounts Questions
      ask-question