A registered taxable person is eligible to obtain Input Tax Credit (ITC) as per section 16 of the CGST Act, on fulfilling of certain conditions which consist of that such person should: (i) Be in possession of tax invoic

CS Executive · Tax Laws · PYQS · December 2019
A registered taxable person is eligible to obtain Input Tax Credit (ITC) as per section 16 of the CGST Act, on fulfilling of certain conditions which consist of that such person should: (i) Be in possession of tax invoice (ii) Have received the goods (iii) Supplier have not paid the tax charged (iv) Supplier have furnished the return u/s 39
(A) (i), (ii) & (iv)
(B) (i), (iii) & (iv)
(C) (i), (ii) & (iii)
(D) (i), (ii), (iii) & (iv)

Answer & Explanation:

Correct Answer: Option (A)

Official answer key: (A).

Topics: Goods and Services Tax (GST)

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