Mathematics

For a registered dealer, if input tax is ₹ x and output tax is ₹ y, then the input tax credit for the dealer is :

  1. ₹ x

  2. ₹ (x - y)

  3. ₹ (y - x)

  4. none of these

GST

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Answer

Input tax credit = Output tax - Input tax = ₹ (y - x)

Hence, Option 3 is the correct option.

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