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Self Assessed output tax liability can be utilized against?
36. Self Assessed output tax liability can be utilized against?
- Interest
- Fine
- Any Tax Liability
- Provisional Input Tax
Answer: D) Provisional Input Tax
Explanation:
From first January 2022, ITC cases will be permitted provided that it shows up in GSTR-2B. In this way, the citizens can don't guarantee 5% temporary ITC under the CGST Rule 36(4) and guarantee each ITC esteem asserted was reflected in GSTR-2B.