🎴 Flashcard Mode
Economics Fundamentals: Goods, Wealth, Wants and Markets
Card1 / 87
Mastered0
Review0
QuestionClick to flip
Input tax credit is not available on ___________ ?
AnswerClick to flip back
A
Goods used for personal use
💡 Explanation:
Under GST laws, input tax credit is specifically disallowed for goods or services used for personal consumption rather than for business purposes.