In which of the following cases, input credit is available

CS Executive · Tax Laws and Practice · PYQS · December 2014
In which of the following cases, input credit is available
(A) Inter-State purchase
(B) Goods imported
(C) Goods lost by fire
(D) Goods sold to unregistered dealer.

Answer & Explanation:

Correct Answer: Option (D)

Correct answer: (D) Goods sold to unregistered dealer.. This answer applies to the historical law and assessment-year context of this December 2014 paper; later amendments may differ.

Topics: Indirect Taxes

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