GST (Goods and Service Tax) - MCQ Questions and Solutions with Explanations Page-11 section-1

51.
Can Banking Company or Financial Institution withdraw the option of availing actual credit or 50% credit anytime in the financial year?

A. Yes

B. No

A. No

B. Yes

C. Yes, on the services notified which are obligatory for an employer to provide to its employees under any law for the time being in force

D. Not applicable

A. 1 year from the date of invoice

B. 3 year from the date of invoice

C. 5 year from the date of invoice

D. None of the above

A. Yes

B. No

C. Yes on Input services only

D. Yes on capital goods only

A. Yes fully

B. No

C. Yes, to extent of credit taken as reduced by prescribed percentage or tax on transaction value whichever is higher

D. Yes to the extent of transaction value of such goods

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