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16 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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CA R SEETHARAMAN

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CA R SEETHARAMAN (Expert)
16 January 2018 He can claim ITC of 24.
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SUBHANKAR PAUL

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SUBHANKAR PAUL (Querist)
17 January 2018 Thank you Sir for your valuable answer, but Sir can you kindly discuss how the answer is coming 24.
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