Mukesh purchased goods for the business, in respect of which ITC ad-missible is ₹ 36,000. 20% of such goods have been used for personal purposes, 60% sold and 20% goods are still lying in godown. Considering section 17(1) of CGST Act, ITC will be available for
A. ₹ 36,000
B. 20% of ₹ 36,000
C. 60% of ₹ 36,000
D. 8096 of ₹ 36,000
Answer:D
Mukesh purchased goods for the business, in respect of which ITC ad-missible is ₹ 36,000. 20% of such goods have been used for personal purposes, 60% sold and 20% goods are still lying in godown. Considering section 17(1) of CGST Act, ITC will be available for
A. ₹ 36,000 B. 20% of ₹ 36,000 C. 60% of ₹ 36,000 D. 8096 of ₹ 36,000