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    • Question

      A company purchases goods worth ₹10 lakh + 18% GST,

      uses 70% for taxable supplies and 30% for exempt supplies. Calculate eligible ITC.
      A ₹1.8 lakh Correct Answer Incorrect Answer
      B ₹1.46 lakh Correct Answer Incorrect Answer
      C ₹1.26 lakh Correct Answer Incorrect Answer
      D ₹1.3 lakh Correct Answer Incorrect Answer
      E ₹1.25 lakh Correct Answer Incorrect Answer

      Solution

      • Total GST = ₹1.8 lakh. • Eligible ITC = 70% × ₹1.8 lakh = ₹1.26 lakh.

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