Is definition of Inputs includes capital goods
Select an option to see the answer and solution.
Commerce · all questionsGST
GST
practice.
Practice every MCQ with options. Use Show answers when you want the correct option and solution.
110
Questions
3/6
Page
Pick an option on a question to see the right answer and solution.
Whether credit on capital goods can be taken immediately on receipt of the goods?
Select an option to see the answer and solution.
When can a registered person avail credit on inputs?
Select an option to see the answer and solution.
In case supplier has deposited the taxes but the receiver has not received the goods, is receiver entitled to avail credit?
Select an option to see the answer and solution.
Input tax credit on capital goods and Inputs can be availed in
Select an option to see the answer and solution.
The time limit to pay the value of supply with taxes
Select an option to see the answer and solution.
Whether credit can be availed without actual receipt of goods where goods are transferred through transfer of document of title before or during the movement of goods?
Select an option to see the answer and solution.
Whether depreciation on tax component of capital goods and Plant and Machinery and whether input tax credit (ITC) is Permissible?
Select an option to see the answer and solution.
For capital goods, proportionate credit is allowed
Select an option to see the answer and solution.
Banking company or Financial Institution have an option of claiming ITC:
Select an option to see the answer and solution.
Can Banking Company or Financial Institution withdraw the option of availing actual credit or 50% credit anytime in the financial year?
Select an option to see the answer and solution.
Any input tax paid on purchase of goods or services by an assessee for employees is eligible for ITC?
Select an option to see the answer and solution.
Mr. A obtains new registration, voluntary registration, change of scheme from composition to regular scheme and from exempted goods/services to taxable goods/services. He can avail credit on inputs lying in stock. What is the time limit for taking said credit
Select an option to see the answer and solution.
Can Mr. A avail credit on Input services or capital goods held in stock, in case of new registration/voluntary Registration
Select an option to see the answer and solution.
Is Input tax to be reversed in case of supply of capital goods
Select an option to see the answer and solution.
The time limit beyond which if goods are not returned, the input sent for job work shall be treated as supply
Select an option to see the answer and solution.
The time limit beyond which if goods are not returned, the capital goods sent for job work shall be treated as supply
Select an option to see the answer and solution.
Is the principal entitled for credit of goods though he has not received the goods and has been sent to job worker directly by vendor
Select an option to see the answer and solution.
A person is entitled to take credit of input tax as self-assessed in the return and credited to Electronic credit ledger on
Select an option to see the answer and solution.
Provisional Input tax credit can be utilized against
Select an option to see the answer and solution.