MCQOPTIONS
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| 1. |
Suppose, one dealer is a defaulter of return. What will be the nature of his refund application? |
| A. | Refund adjusted over tax liability estimated for non-filing of return |
| B. | 80% of the Refund is allowed on a Provisional basis. |
| C. | Refund Application is withheld |
| D. | 20% of the Refund is allowed on a Provisional basis. |
| Answer» D. 20% of the Refund is allowed on a Provisional basis. | |