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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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