MCQOPTIONS
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| 1. |
What happens if a taxable person has paid CGST & SGST or, as the case may be, CGST & UTGST (in SGST / UTGST Act) on a transaction considered by him to be an intra-state supply but which is subsequently held to be an inter-state supply? |
| A. | Seek refund |
| B. | Adjust against future liability |
| C. | Take re-credit |
| D. | File a suit for recovery |
| Answer» B. Adjust against future liability | |