CAF-2 · Chapter 18 · Question 5 of 15
Following up on the 90% input tax restriction under Section 8B, which of the following input tax claims is EXEMPT from this 90% limitation?
Test yourself: pick an answer
Reveal answer & explanation
Correct answer: B) B) Input tax paid on fixed assets or capital goods.
Explanation
Restriction on the adjustment of input tax in excess of 90% of the output tax shall not apply in case of fixed assets or capital goods.
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