hitechpathshala

Q. 1

A person shall be entitled to take ITC (ITC) only if _______.

He is GST registered

The goods are used in course of furtherance of his business

He satisfies the conditions prescribed u/s 16(2)

All of the above conditions are satisfied

Q. 2

“Section 16(2) provides that the payment to supplier must be made within 180 days otherwise the ITC needs to be reversed.” Does this statement hold true in case of RCM?

Yes

No

Maybe

None

Q. 3

When is the person eligible to claim ITC in case of RCM?

Same month

Next month

Any of the two months

In any month of the year

Q. 4

Input service means _______.

Any service

Any service used or intended to be used by a supplier in the course or furtherance of business

Any service used or intended to be used by a supplier for the personal purpose

All of the above

Q. 5

The ITC shall be availed by RP, on the basis of __________ documents.

Invoice issued by the supplier of goods as per sec.31

Debit note issued by a supplier as per sec.34

A bill of entry or any similar document prescribed under the Customs Act, 1962

Either of the above

For Testing Quiz

Marks: 5