Input Tax Credit under GST can be claimed on: MCQ with Answer and Explanation

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Input Tax Credit under GST can be claimed on:

A. Food and beverages for employees

B. Motor vehicles for personal use

C. Membership of club

D. Goods used for business furtherance

Answer: Option D

Solution (By JKExamLibrary)

ITC is available only for inputs used in the course of business, subject to conditions in CGST Act.

This question belongs to: Accountancy and Statistics Accountancy and Book Keeping

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