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Qation R: Fun Pharma Private Limited, a registered supplier is engaged in the manufacture of taxable goods The company provides the following information of
Qation R: Fun Pharma Private Limited, a registered supplier is engaged in the manufacture of taxable goods The company provides the following information of GST paid on the purchases made/input services availed by it during the month of March 2020: Particulars Purchase of cabs used for transportation of its employees (seat capacity 6) GST paid (t) 3,30,000 (ii)Inputs consisting of three lots, out of which first 1,25,000 lot was received during the month (iii)Capital Goods (out of three items, invoice for one 2,50,000 item was missing and GST paid on that item was 25,000) (iv)Outdoor catering service availed on Women's day 72,000 Determine the amount of Input Tax Credit availed with M/s. Fun Pharma Private Limited for the month of March 2020 by giving necessary explanations for treatment of various items. All the conditions necessary for availing the input tax credit have been fulfilled.
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