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Commerce · Q35

GST

Graduate and Post Graduate · Commerce · question 35

Q35

Can a registered person under Composition Scheme claim input tax credit?

A.
Yes
B.
No
Answer
C.
Input tax credit on inward supply of goods only can be claimed
D.
Input tax credit on inward supply of services only can be claimed

Answer: Option B

Solution

Answer: Option B
Solution:
No, a Composition Dealer is not allowed to avail input tax credit of GST paid to their supplier.