Welcome to your Ch 21: Input Tax Credit (11 to 15)
11. Examine the following statements
(i) Purchased inputs on 1-8. Registration applied on 31-7. Effective date of registration 13-8. He can claim ITC w.e.f. 31-7.
(ii) Purchased inputs on 1-8. Registration applied on 31-7. Effective date of registration 31-7. He can claim ITC w.e.f. 31-7.
12. Examine the following statements
(i) ITC can be claimed in the books of accounts.
(ii) ITC can be claimed in the electronic credit ledger by following the procedure u/s 49(2).
13. Examine the following statements
(i) There is wastage of inputs during the transportation. ITC cannot be claimed on such wastage.
(ii) There is wastage of inputs during the course of production. ITC can be claimed on such wastage.
14. Examine the following statements
(i) He is in possession of tax invoice but he has not received the goods. ITC can be claimed.
(ii) He is in possession of tax invoice and also he has received the goods. ITC can be claimed.
15. In case supplier has deposited the taxes but the receiver has not received the tax invoice, is receiver entitled to avail credit?
