Question: Mrs. X opted for the composition scheme at the time of registration and purchased a plant and machinery for Rs. 30,00,000 and paid input tax
Mrs. X opted for the composition scheme at the time of registration and purchased a plant and machinery for Rs. 30,00,000 and paid input tax at a rate of 18% tax credit was not allowed but after a period of 9 months and 10 days, the dealer has opted for payment under the normal scheme. Compute the amount of tax credit allowed to Mrs. X.
Step by Step Solution
3.42 Rating (152 Votes )
There are 3 Steps involved in it
The detailed answer for the above question is provided ... View full answer
Get step-by-step solutions from verified subject matter experts
