alleryStart learning →Can State tax credit be used to pay central tax?
AYes, once IGST is paid
BNo, it cannot be used
CYes, up to half liability
DYes, if dealer opts so
Answer & Solution
Correct answer: B. No, it cannot be used
Section 49(5)(f) bars use of State or Union territory tax credit for payment of central tax.
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Related questions
An Input Service Distributor is best described as what?Which return must be filed before claiming ITC under Section 16(2)(d)?ITC on a supply requires that the tax charged has been actually what?A bank has eligible ITC of Rs 80,000 in a month and picks the 50 per cent option. What creCommon input ITC Rs 90,000; two-thirds relates to taxable supplies, rest exempt. Credit alInputs carry total ITC of Rs 60,000, and 25 per cent of their use is for non-business purpInvoice Rs 1,00,000 plus 18% GST unpaid beyond 180 days. ITC added back, ignoring interestInter-State sale Rs 5,00,000, inputs Rs 3,00,000, IGST 12% on both. Net IGST?