Start learning →

Business goods are put to private use by the owner. What is the usage treated as?

ASupply of goods
BA supply of services
CNo supply at all
DExport of goods
Answer & Solution
Correct answer: B. A supply of services
Paragraph 4(b) of Schedule II treats private use of business goods as a supply of services.
Practise this question with Quill — CA Inter →

Keep practising Levy and Collection of Tax

Browse all Levy and Collection of Tax questions for CA Inter, or explore more Taxation topics.

Start a Levy and Collection of Tax lesson →
Related questions