alleryStart learning →Union territory tax credit is first used to pay which tax?
AUnion territory tax
BCentral tax only
CIntegrated tax
DState tax only
Answer & Solution
Correct answer: A. Union territory tax
UT tax credit is applied first to UT tax and only the remainder may pay integrated tax.
Keep practising GST: Payment of Tax
Browse all GST: Payment of Tax questions for CA Inter, or explore more Taxation topics.
Related questions
Under section 53, CGST credit used for IGST dues makes central tax collected?When central tax credit pays IGST, the Centre transfers the sum to which account?The power to collect TCS operates without prejudice to what?Interest on a TCS mismatch added to a supplier's liability follows which provision?Rectification of a TCS statement is barred after the due date of which month?Who claims credit in the cash ledger of the amount an operator collected?The operator's annual TCS statement is due before which date after the year ends?Within how many days after month-end must the operator pay collected TCS?