How much input tax credit available ?

Ravi SADhiyan (Practice) (4510 Points)

26 November 2018  

Mr. Ram hires a works contractor for repairing his factory building on a lumpsum payment of Rs. 11,80,000/- ( GST Rate 18%)

He debit half of the expenditure in the profit & loss account and remaining half in the building account.

Mr. Ram can take input tax credit of 

A) Rs.90,000/-

B) Rs. 1,06,2000/-

C) Rs. 212400/-

D) Rs. Nill

GIVE YOUR ANSWER WITH REASONS

Thanks & Regards

Ravi SADhiyan