Start learning →

A deposit for a supply counts as consideration only when the supplier does what?

ARefunds it later
BReports it to a bank
CRecords it in books
DAdjusts it as payment
Answer & Solution
Correct answer: D. Adjusts it as payment
A deposit is not payment for the supply unless the supplier applies it as consideration.
Practise this question with Quill — CA Final →

Keep practising Levy and Collection of Tax

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

Start a Levy and Collection of Tax lesson →
Related questions