Suppose one taxable person has un-availed cenvat credit or ITC on capi – McqOptions

MCQOPTIONS

1.	Suppose one taxable person has un-availed cenvat credit or ITC on capital goods not carried forwarded to the last return in the earlier law and allowable both under earlier law or GST law. How it will be treated under 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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