Economics · Goods and Services Tax
Under the GST regime, provisional Input Tax Credit (ITC) can be utilized by a registered person against which of the following?
Verified Solution4 OptionsUpdated: October 2026👁️1 View
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- 1Any form of penalty or fine payment
- 2Self-assessed output tax liability✓
- 3Differential personal income tax liability
- 4Interest on delayed payments
Correct answer
Self-assessed output tax liability
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