alleryStart learning →Inputs carry total ITC of Rs 60,000, and 25 per cent of their use is for non-business purposes. What credit is allowed?
ARs 15,000
BRs 60,000
CRs 25,000
DRs 45,000
Answer & Solution
Correct answer: D. Rs 45,000
Only the business share is allowed, which is 75 per cent of 60,000, or Rs 45,000.
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