Input tax credit (ITC) as per section 16 of the CGST Act, 2017 be available to a registered person on fulfillment of certain conditions. Find from the following which are such conditions: (i) Possession of tax invoice (i
CS Executive · Tax Laws · PYQS · December 2020
Input tax credit (ITC) as per section 16 of the CGST Act, 2017 be available to a registered person on fulfillment of certain conditions. Find from the following which are such conditions: (i) Possession of tax invoice (ii) Receipt of the goods or services (iii) Tax has been paid to supplier (iv) Furnished return u/s 39
Answer & Explanation:
Correct Answer: Option (D)
Official answer key: (D). Official source note: As per Section 16(2) of CGST Act, 2017 all the four conditions need to be satisfied.
Topics: GST
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