Can a registered person under Composition Scheme claim input tax credit? Options: A . &nbspYes B . &nbspNo C . &nbspInput tax credit on inward supply of goods only can be claimed D . &nbspInput tax credit on inward supply of services only can be claimed

Can a registered person under Composition Scheme claim input tax credit?

Question

Can a registered person under Composition Scheme claim input tax credit?

Options:

A . Yes

B . No

C . Input tax credit on inward supply of goods only can be claimed

D . Input tax credit on inward supply of services only can be claimed

Answer: Option B

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Question 1. When does liability to pay GST arise in case of supply of goods?....

Question 2. What is date of receipt of payment?....

Question 3. The value of supply of goods and services shall be the....

Question 4. When can the transaction value be rejected for computation of value of supply....

Question 5. What deductions are allowed from the transaction value....

Question 6. Is definition of Inputs includes capital goods....

Question 7. Whether credit on capital goods can be taken immediately on receipt of the goods?....

Question 8. When can a registered person avail credit on inputs?....

Question 9. In case supplier has deposited the taxes but the receiver has not received the goods, is receiver entitled to avail cred....not received the goods, is receiver entitled to avail credit?

Question 10. Input tax credit on capital goods and Inputs can be availed in....

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