Any input tax paid on purchase of goods or services by an assessee for employees is eligible for ITC? Options: A . &nbspNo B . &nbspYes C . &nbspYes, 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 . &nbspNot applicable

Any input tax paid on purchase of goods or services by an assessee for employees

Question

Any input tax paid on purchase of goods or services by an assessee for employees is eligible for ITC?

Options:

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

Answer: Option C

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Question 1. Can Mr. A avail credit on Input services or capital goods held in stock, in case of new registration/voluntary Registrat....goods held in stock, in case of new registration/voluntary Registration

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Question 3. Is Input tax to be reversed in case of supply of capital goods....

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Question 5. The time limit beyond which if goods are not returned, the capital goods sent for job work shall be treated as supply....

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Question 10. If there is Mis-match of supplier’s outward supply and recipient’s claim for Input Tax credit on the same transactio....recipient’s claim for Input Tax credit on the same transaction

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