Whether depreciation on tax component of capital goods and Plant and Machinery and whether input tax credit (ITC) is Permissible? Options: A . &nbspYes B . &nbspNo C . &nbspInput tax credit is eligible if depreciation on tax component is not availed D . &nbspNone of the above

Whether depreciation on tax component of capital goods and Plant and Machinery a

Question

Whether depreciation on tax component of capital goods and Plant and Machinery and whether input tax credit (ITC) is Permissible?

Options:

A . Yes

B . No

C . Input tax credit is eligible if depreciation on tax component is not availed

D . None of the above

Answer: Option C

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Question 1. Banking company or Financial Institution have an option of claiming ITC:....

Question 2. For capital goods, proportionate credit is allowed....

Question 3. Can Banking Company or Financial Institution withdraw the option of availing actual credit or 50% credit anytime in the ....actual credit or 50% credit anytime in the financial year?

Question 4. Any input tax paid on purchase of goods or services by an assessee for employees is eligible for ITC?....

Question 5. 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 6. 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 7. Is Input tax to be reversed in case of supply of capital goods....

Question 8. The time limit beyond which if goods are not returned, the input sent for job work shall be treated as supply....

Question 9. The time limit beyond which if goods are not returned, the capital goods sent for job work shall be treated as supply....

Question 10. 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

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