Can Banking Company or Financial Institution withdraw the option of availing act

Question

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

Options:

A . Yes

B . No

Answer: Option B

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More Questions on This Topic :

Question 1. Any input tax paid on purchase of goods or services by an assessee for employees is eligible for ITC?....

Question 2. 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

Question 3. Mr. A obtains new registration, voluntary registration, change of scheme from composition to regular scheme and from exe....stock. What is the time limit for taking said credit

Question 4. Is Input tax to be reversed in case of supply of capital goods....

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

Question 6. The time limit beyond which if goods are not returned, the capital goods sent for job work shall be treated as supply....

Question 7. A person is entitled to take credit of input tax as self-assessed in the return and credited to Electronic credit ledger....in the return and credited to Electronic credit ledger on

Question 8. Is the principal entitled for credit of goods though he has not received the goods and has been sent to job worker direc....and has been sent to job worker directly by vendor

Question 9. Provisional Input tax credit can be utilized against....

Question 10. Matching of Input Tax credit on inward supply by recipient is undertaken with....

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