Can a registered person under Composition Scheme claim input tax credit?
A. Yes
B. No
C. Input tax credit on inward supply of goods only can be claimed
D. Input tax credit on inward supply of services only can be claimed
Answer: Option B
Solution(By Examveda Team)
No, a Composition Dealer is not allowed to avail input tax credit of GST paid to their supplier.Related Questions on GST
A. Goods and Supply Tax
B. Government Sales Tax
C. Goods and Services Tax
D. General Sales Tax
In India GST became effective from
A. 1st April, 2017
B. 1st January, 2017
C. 1st July, 2017
D. 1st March, 2017
In India GST came effective from July 1st, 2017 India has chosen _______ model of dual – GST.
A. USA
B. UK
C. Canadian
D. China
E. Japan
GST is a _______ based tax on consumption of goods and services.
A. Duration
B. Destination
C. Dividend
D. Development
E. Destiny
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