EXAMPLE-113
Determine the
amount of input tax credit available to the abc Limited in respect of following
input goods and services
|
S.No. |
Particulars |
GST
Paid on Input/CG/ IS |
|
1 2. 3. 4. 5.. |
Raw
material Capital
goods used outside the factory but for business use Goods
for providing free warranty IGST
paid on imported goods Tax
on freight paid to GTA under reverse charge |
78000 280000 52000 82000 28000 |
Answer
|
S.No. |
Particulars |
Amount
of credit (GST) Rs. |
|
1 2. 3. 4. 5.. |
Raw
material Capital
goods used outside the factory but for business use Goods
for providing free warranty IGST
paid on imported goods Tax
on freight paid to GTA under reverse charge |
78000 280000 52000 82000 28000 |
|
|
Total
eligible credit |
520000 |