Start learning →

Credit on a service for many recipients is shared how?

APro rata on their turnover
BEqually among all of them
CBy order of registration
DAt the ISD's discretion
Answer & Solution
Correct answer: A. Pro rata on their turnover
Section 20(2)(d) requires pro rata distribution on the basis of turnover of the recipients to whom the service is attributable.
Practise this question with Quill — CA Final →

Keep practising Input Tax Credit

Browse all Input Tax Credit questions for CA Final, or explore more Indirecttaxlaws topics.

Start a Input Tax Credit lesson →
Related questions