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Itc problem

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(Querist)
15 January 2018 A manufacturer paid input tax of Rs.60 for the Raw Materials purchased. In a month he did a sale worth Rs.500, of which 60% is exempted. Assuming GST rate at 18%. How much is the input tax credit can he claim?
a. 60
b. 24
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amit gaur

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amit gaur (Expert)
17 January 2018 IF RAW MATERIAL IS USED IN SALE OF EXEMPTED GOODS, THEN ITC WILL BE 24 OTHERWISE FULL 60
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SUBHANKAR PAUL

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SUBHANKAR PAUL (Querist)
19 January 2018 Thank You Very Much Sir
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