Question

You can save up to _________on your business purchases by claiming GST input tax credit. Fill in the blanks 0%, 13%, 28%, 5%

Answer 1

Answer :-

28 %

Explanation :-

You can save up to 28 % on your business purchases by claiming GST input tax credit$.$

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Additional Information :-

• The Question is related to Amazon Business.

• Input Tax Credit means reducing the taxes paid on inputs from taxes. When any supply of services or goods is supplied to a taxable person the GST charged is known as Input Tax.

• Input credit means at the time of paying tax on output you can reduce the tax you have already paid on inputs.

• Under GST we can claim input credit. We have purchased through which we can show that we have already paid tax.

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Learn More :-

https://brainly.in/question/18031422

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Answer 2

Answer

You can save up to 28% on your business purchases by claiming GST input tax credit.

Additional Information :)

What is GST?

GST is the acronym for Good Service Tax. It is used in India.

When was GST launched in India?

GST was launched on 1st July 2017 in India.

Who launched GST in India?

Prime Minister Shri Narendra Modi launched GST in India.

What are the rates of GST in India?

The GST rate in India is divided into four groups. They are 5% GST, 12% GST, 18% GST and 28% GST. Sometimes, some products don't carry with GST rates.