Question
In GST, the credit of tax paid on the input service used
by more than one supplier:Solution
The correct answer is is distributed among the suppliers who used such input service on a pro rata basis of turnover in such a state. Under the GST law, the credit of tax paid on the input service used by more than one supplier is distributed among the suppliers who used such input service on a pro rata basis of turnover in such a state. This means that the amount of credit that each supplier can claim is calculated by dividing the total amount of credit by the total turnover of all the suppliers who used the input service.
Which of the following banks continue to be identified by Reserve Bank of India as Domestic-Systemically important Banks?
Abhijit Vinayak Banerjee was awarded the 2019 Nobel Memorial Prize in:
How big are red blood cells in diameter?
How much initial allocation will be made for the Prime Minister's Development Initiative for North-East (PM-DevINE) scheme?Â
The Huttari dance, observed as an annual tradition, is a leisurely performance that takes place during the harvesting season in _____________.
Which of the following devices can be considered part of the Internet of Things (IoT)?
According to the Reserve Bank of India (Transfer to Public Ownership) Act, 1948, which led to the nationalization of the Reserve Bank of India, what ha...
Which financial institution partnered with the Indian Renewable Energy Development Agency Ltd. (IREDA) through a Memorandum of Understanding (MoU) to pr...
In mesh topology, if we have six- computers, how many links must be there?
- Country's first liquid mirror telescope in located in which of the following state?Â
