Tyagi Limited availed services of “Jaipur Golden”, (GTA) for transporta-tion of goods by road from warehouse (Delhi) to its factory (Delhi) and paid freight ₹ 2,40,000. Which of the following statement is true?
A. If GTA pays tax @ 1296 with ITC, then GTA is liable to pay tax
B. If GTA pays tax @ 1296 with ITC, then Tyagi Limited is liable to pay tax
C. If GTA pays tax @ 596 without benefit of ITC, then GTA is liable to pay tax
D. Irrespective of tax rate availed (z.e. with or without ITC)
Answer:A
Tyagi Limited availed services of “Jaipur Golden”, (GTA) for transporta-tion of goods by road from warehouse (Delhi) to its factory (Delhi) and paid freight ₹ 2,40,000. Which of the following statement is true?
A. If GTA pays tax @ 1296 with ITC, then GTA is liable to pay tax B. If GTA pays tax @ 1296 with ITC, then Tyagi Limited is liable to pay tax C. If GTA pays tax @ 596 without benefit of ITC, then GTA is liable to pay tax D. Irrespective of tax rate availed (z.e. with or without ITC)