alleryStart learning →State tax credit can pay integrated tax only when what condition holds?
ACentral tax credit is unavailable
BIGST credit is also available
CThe dealer is a manufacturer
DThe return is filed late
Answer & Solution
Correct answer: A. Central tax credit is unavailable
The proviso to Section 49(5)(c) allows State tax credit towards integrated tax only where the central tax credit balance is not available for that payment.
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