GST MCQ Questions and Solutions with Explanations | Commerce

A. Yes

B. No

A. Yes

B. After usage of such capital goods

C. After capitalizing in books of Accounts

D. None of the above

A. on receipt of goods

B. on receipt of documents

C. Both

D. None of the above

A. Yes, it will be automatically show in recipient monthly returns.

B. No, as one of the conditions of section 16(2) is not fulfilled.

C. Yes if the receiver can prove later that goods are received subsequently

D. None of the above

A. In thirty six installments

B. In twelve installments

C. In one installment

D. In six installments

A. 90 days

B. 6 months

C. 180 days

D. 365 dyas

A. Yes

B. No

C. Yes, in specific instances

D. Can be availed only after transfer of document of title after movement of goods

A. Yes

B. No

C. Input tax credit is eligible if depreciation on tax component is not availed

D. None of the above

A. for business and non-business purpose

B. for business or non- business purpose

C. both of the above

D. none of the above

A. Actual Credit or 50% credit

B. Only 50% Credit

C. Only cctual credit

D. Actual credit and 50% credit