GST Accountant Interview – Comprehensive Question Bank
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No.QuestionAnswer1What is GST and why was it introduced?GST (Goods and Services Tax) is a destination-based, multi-stage,...
Introduction
In GST, the Input Tax Credit (ITC) mechanism allows businesses to claim credit for the GST paid on purchases used for making taxable supplies....
key highlights from Circular No. 231/25/2024-GST:
Clarification on Input Tax Credit (ITC) for Demo Vehicles:
Authorized dealers maintain demo vehicles to provide trial runs and demonstrate...
