In thirty six installments
In twelve installments
In one installment
In six installments
Answer is Wrong!
Answer is Right!
The correct answer is C. In one installment.
Input tax credit is a tax credit that is available to businesses on the purchase of goods and services that are used in the course of their business. The credit can be used to offset the amount of tax that the business owes on its sales.
The amount of input tax credit that is available to a business is based on the amount of tax that is paid on the purchase of the goods and services. The credit is available for both capital goods and inputs.
Capital goods are goods that have a useful life of more than one year. Inputs are goods and services that are used in the course of the business,
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