Suppose, the IGST Credit of ` 5/-Lakhs has been cross utilised to sett – McqOptions

MCQOPTIONS

1.	Suppose, the IGST Credit of ` 5/-Lakhs has been cross utilised to settle the SGST OPT of ` 5/-Lakhs of a Kerala Dealer. The fund transfer will be:
A.	5/-Lakhs from IGST Fund will be transferred by Central government In to Kerala SGST Fund
B.	5/-Lakhs from IGST Fund will be transferred by Central government In to Kerala SGST Fund
C.	5/-Lakhs from CGST Fund will be transferred by Central government in to Kerala SGST Fund
D.	No Fund Transfer at all.
Answer» B. 5/-Lakhs from IGST Fund will be transferred by Central government In to Kerala SGST Fund

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