alleryStart learning →Banks and NBFCs may opt to avail what share of eligible ITC each month, the rest lapsing?
ATwenty-five per cent
BSeventy-five per cent
CFifty per cent
DNinety per cent
Answer & Solution
Correct answer: C. Fifty per cent
Section 17(4) offers banks and financial institutions the option of availing fifty per cent of eligible credit monthly.
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