Where the goods sold paying VAT within 6 months prior to the appointed – McqOptions

MCQOPTIONS

1.	Where the goods sold paying VAT within 6 months prior to the appointed day are returned back to business place by an unregistered person within 6 months from the appointed day, the registered person can,
A.	Re sale the goods without paying GST
B.	The VAT paid will be lost
C.	Claim for refund of VAT under the existing law
D.	Pay tax on reverse charge basis
Answer» D. Pay tax on reverse charge basis

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