Mr. A obtains new registration, voluntary registration, change of scheme from composition to regular scheme and from exempted goods/services to taxable goods/services. He can avail credit on inputs lying in stock. What is the time limit for taking said credit
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
Answer: Option A
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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