Arul Industries got a waiver of Goods & Services Tax (GST) of ₹2,20,000 for the Financial year 2019-2020. The amount of waiver is –
A. Exempt income
B. Capital receipt
C. Revenue receipt
D. None of the above
Answer:C
Arul Industries got a waiver of Goods & Services Tax (GST) of ₹2,20,000 for the Financial year 2019-2020. The amount of waiver is –
A. Exempt income B. Capital receipt C. Revenue receipt D. None of the above