Whether credit on capital goods can be taken immediately on receipt of the goods? Options: A . &nbspYes B . &nbspAfter usage of such capital goods C . &nbspAfter capitalizing in books of Accounts D . &nbspNone of the above

Whether credit on capital goods can be taken immediately on receipt of the goods

Question

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

Options:

A . Yes

B . After usage of such capital goods

C . After capitalizing in books of Accounts

D . None of the above

Answer: Option A

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Question 10. Any input tax paid on purchase of goods or services by an assessee for employees is eligible for ITC?....

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