Lamb Ltd. received goods from Gower & Co. on 23-4-2018 along with delivery challan. It paid the amount to the supplier on 2-5-2018. The invoice issued by Lamb Ltd. dated 27-4-2018 was lost and input tax credit was om

CS Executive · Tax Laws and Practice · PYQS · December 2019
Lamb Ltd. received goods from Gower & Co. on 23-4-2018 along with delivery challan. It paid the amount to the supplier on 2-5-2018. The invoice issued by Lamb Ltd. dated 27-4-2018 was lost and input tax credit was omitted to be claimed. The maximum time within which the input tax credit could be claimed by Lamb Ltd. is available up to :
(A) Within 6 month from the date of invoice
(B) Within 1 year from the date of invoice
(C) Within 3 month from the date of invoice
(D) Within 1 month from the date of invoice

Answer & Explanation:

Correct Answer: Option (B)

Official answer key: (B).

Topics: GST

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