Treatment of ITC in respect of a taxable person paying tax under secti – McqOptions

MCQOPTIONS

1.	Treatment of ITC in respect of a taxable person paying tax under section 7 opts to pay tax under composition scheme?
A.	No liability
B.	Liable to pay an amount equipment to the input tax credit in respect inputs held in state in any form
C.	ITC for input in stock allowed
D.	None of the above
Answer» C. ITC for input in stock allowed

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