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What are common credits in GST?
  • a)
    Tax credits available for all business expenses.
  • b)
    Tax credits available for personal expenses.
  • c)
    Tax credits available for partly personal/exempted and partly normal sales.
  • d)
    Tax credits available for capital goods only.
Correct answer is option 'C'. Can you explain this answer?
Most Upvoted Answer
What are common credits in GST?a)Tax credits available for all busines...
Common credits in GST refer to tax credits available for partly personal/exempted and partly normal sales, where the credit is proportionate to the business use of the goods or services.
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What are common credits in GST?a)Tax credits available for all business expenses.b)Tax credits available for personal expenses.c)Tax credits available for partly personal/exempted and partly normal sales.d)Tax credits available for capital goods only.Correct answer is option 'C'. Can you explain this answer?
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