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Commerce · Q607

Legal Aspects of Business

Graduate and Post Graduate · Commerce · question 607

Q607

Which is not true about Input Tax Credit in GST?

A.
ITC can be claimed on input, input services & capital goods
B.
Dealer should be in possession of tax invoice
C.
Goods need not be actually received
Answer
D.
Goods & services to be used only for business purposes

Answer: Option C

Solution

Answer: Option C
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