Rosy & Co. became liable to pay GST from 1st October, 2022 and obtained registration on 25th October, 2022. From which date it is eligible to take ITC in respect of raw materials/finished goods and capital work in pr

CS Executive · Tax Laws · PYQS · June 2023
Rosy & Co. became liable to pay GST from 1st October, 2022 and obtained registration on 25th October, 2022. From which date it is eligible to take ITC in respect of raw materials/finished goods and capital work in progress held by it?
(A) As on 31st October, 2022
(B) As on 25th October, 2022
(C) As on 1st October, 2022
(D) As on 30th September, 2022

Answer & Explanation:

Correct Answer: Option (D)

Official answer key: (D).

Topics: GST

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