The turnover of taxable and exempt-ed goods are ₹ 6,00,000 and ₹ 4,00,000 respectively. The common inputs on which GST paid is ₹ 1,08,000. The common inputs on which GST paid is ₹ 1,08,000. The eligible ITC on common input as per section 17(2) is:
A. ₹ 1,08,000
B. 6096 of ₹ 1,08,000
C. 4096 of ₹ 1,08,000
D. None of the above
Answer:B
The turnover of taxable and exempt-ed goods are ₹ 6,00,000 and ₹ 4,00,000 respectively. The common inputs on which GST paid is ₹ 1,08,000. The common inputs on which GST paid is ₹ 1,08,000. The eligible ITC on common input as per section 17(2) is:
A. ₹ 1,08,000 B. 6096 of ₹ 1,08,000 C. 4096 of ₹ 1,08,000 D. None of the above