Taxation · CENVAT Credit Scheme
What is the core function of the CENVAT credit mechanism?
Verified Solution4 OptionsUpdated: October 2026👁️1 View
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- 1To encourage double taxation
- 2To assess personal income tax
- 3To provide set-off for input tax paid✓
- 4To levy additional export tax
Correct answer
To provide set-off for input tax paid
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