Which is not true about Input Tax Credit in GST?
A. ITC can be claimed on input, input services & capital goods
B. Dealer should be in possession of tax invoice
C. Goods need not be actually received
D. Goods & services to be used only for business purposes
Answer: Option C
This Question Belongs to Commerce >> Legal Aspects Of Business
Related Questions on Legal Aspects of Business
A. 5 years imprisonment or 5 lakh rupees penalty or both
B. Life imprisonment
C. 3 years imprisonment or 2 lakh rupees penalty or both
D. None of the above
A. Proposal
B. Promise
C. Contract
D. None of these
What aspect of a patented product is tested by PCT?
A. Priority
B. Novelty
C. Exclusivity
D. Commercial value
The Competition Act, 2002 seeks to regulate
A. Anti-competitive agreements
B. Mergers and amalgamation
C. Unfair trade practices
D. Both A and B
Join The Discussion