Question

5
Under GST is a credit Which is available to supplier to set off the tax he has paid on purchase of goods from output tax on sale of such goods​

Answer 1

Explanation:

Input credit means at the time of paying tax on output, you can reduce the tax you have already paid on inputs. Input tax credit in realtion to GST to a registered person means, the CGST, SGST/UTGST or IGST charged on any supply of goods or services or both made to him.

Answer 2

Answer:

 ᴛʜᴜɴᴅᴇʀsᴛᴏʀᴍs ᴅᴇᴠᴇʟᴏᴘ ɪɴ ʜᴏᴛ ᴀɴᴅ ʜᴜᴍɪᴅ ᴀʀᴇᴀs. ʜɪɢʜ ᴛᴇᴍᴘᴇʀᴀᴛᴜʀᴇ ɪɴ ᴛʜɪs ᴀʀᴇᴀs ᴄᴀᴜsᴇ ʜᴏᴛ ʜᴜᴍɪᴅ (ᴡɪᴛʜ ᴡᴀᴛᴇʀ ᴠᴀᴘᴏᴜʀs) ᴀɪʀ ᴛᴏ ʀɪsᴇ ᴜᴘ. sᴏ, sᴛʀᴏɴɢ ᴜᴘᴡᴀʀᴅ ʀɪsɪɴɢ ᴡɪɴᴅs ᴡɪᴛʜ ᴡᴀᴛᴇʀ ᴅʀᴏᴘʟᴇᴛs ᴀʀᴇ ɢᴇɴᴇʀᴀᴛᴇᴅ. ... ᴜᴘᴡᴀʀᴅ ᴍᴏᴠᴇᴍᴇɴᴛ ᴏғ ᴀɪʀ ᴀɴᴅ ᴅᴏᴡɴᴡᴀʀᴅ ᴍᴏᴠᴇᴍᴇɴᴛ ᴏғ ᴡᴀᴛᴇʀ ᴅʀᴏᴘs, ᴛᴏɢᴇᴛʜᴇʀ, ᴄᴀᴜsᴇ ʟɪɢʜᴛɴɪɴɢ ᴀɴᴅ sᴏᴜɴᴅ.