What happens to duties and taxes paid on goods which are returned with – McqOptions

MCQOPTIONS

1.	What happens to duties and taxes paid on goods which are returned within six months form the appointed date?
A.	Revise old return and claim reduction in output liability
B.	Claim refund of taxes paid earlier on such goods
C.	Claim re-credit of taxes paid under earlier law as input tax credit under GST law
D.	Revise the first GST return and claim the credit of taxes paid under earlier law
Answer» C. Claim re-credit of taxes paid under earlier law as input tax credit under GST law

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