Economics · Goods and Services Tax
When goods are supplied or used in a manner that requires reversal under GST rules, the input tax credit is reversed to what extent?
Verified Solution4 OptionsUpdated: October 2026👁️1 View
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- 1None of the above
- 2To the extent of the full market value of the goods
- 3It cannot be reversed under any circumstance
- 4To the extent of the input tax credit originally availed✓
Correct answer
To the extent of the input tax credit originally availed
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