Is Input tax to be paid in case of switchover from taxable to exempt s – McqOptions

MCQOPTIONS

1.	Is Input tax to be paid in case of switchover from taxable to exempt supplies
A.	Yes, equivalent to the credit in respect of inputs held in stock (including semi- finished and finished goods) and on capital goods held in stock
B.	No
C.	Yes, full credit
D.	No, should be debited to electronic credit ledger
Answer» B. No

Discussion

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