Is Input tax to be reversed in case of supply of capital goods – McqOptions

MCQOPTIONS

1.	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» D. Yes to the extent of transaction value of such goods

Discussion

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