Question

You can Save up to _________on your business purchases by claiming GST input tax credit
0.00%
12.50%
15.00%
28.00%

Answer 1

Explanation:

You can Save up to _________on your business purchases by claiming GST input tax credit

ans:3)15.00%

Answer 2

Answer:

28.00% is the correct answer.

You can Save up to 28.00% on your business purchases by claiming GST input tax credit.

Explanation:

This question is related to Amazon Business Customers and its features which it provides.

Let's check what is GST Input Tax Credit.

When we pay tax we can get some reduction in our tax by not paying the amount which we have already paid on inputs. This amount which got reduced is called Input credit.

Under GST we can claim Input Credit if we are having a tax invoice of the thing which we have purchased through which we can show that we have already paid tax on it.