Suppose one dealer has Cen vat or Local VAT unadjusted ITC credit carr – McqOptions

MCQOPTIONS

1.	Suppose one dealer has Cen vat or Local VAT unadjusted ITC credit carried forward to the last return period in the subsumed taxation laws. How this balance unadjusted ITC will be treated in GST?
A.	Refunded under earlier laws
B.	Allowed as ITC in GST
C.	Refunded under GST law
D.	Any of the Above
Answer» C. Refunded under GST law

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