If a newly acquired capital personal property is used more than 50 percent for the provision of taxable supplies, the acquirer can claim 100 percent of the GST paid as an input tax credit.

Question

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According to the GST rules, if a capital personal property is used more than 50 percent for the provision of taxable supplies, the acquirer can claim 100 percent of the GST paid as an input tax credit. Therefore, the statement is true.

If a Newly Acquired Capital Personal Property Is Used More