Whether credit can be availed without actual receipt of goods where goods are transferred through transfer of document of title before or during the movement of goods?

Related MCQs

• Whether credit on inputs should be availed based on receipt of documents or receipt of goods
• Which of the following activity shall be treated neither as a supply of goods nor a supply of services ? (i) Permanent transfer of business assets where input tax credit has been availed on such assets (ii) Temporary transfer of intellectual property right (iii) Transportation of deceased (iv) Services by an employee to the employer in the course of employment
• Whether credit on capital goods can be taken immediately on receipt of the goods?
• Transfer of right in goods or of undivided share in goods without the transfer of title thereof shall be considered as .
• From the following information determine the TOS of goods where goods are taxed on reverse charge basis Date of issue of invoice by the supplier - 30th Nov. 2019 Date of receipt of goods - 30th Nov. 2019 Date of payment by the recipient - 10th Dec. 2019 Entry of receipt of services in the recipient’s BOA - 12th Dec. 2019
• Which of the following is - the supply in which possession of the goods are transferred but the title of the goods is not transferred at all and thereby attains the character of the supply of service ?
• Patel of Surat, Gujarat supplied good to Patil of Mumbai, Maharashtra for ` 1,20,000 (excluding GST) but after adding 30% profit margin (on cost). Patil is also a taxable person. IGST rate is 18%. The amount of input tax credit that can be availed and the maximum time limit for availing such input tax credit by Patil of Mumbai, Maharashtra as per CGST Act, 2017 is
• Which of the following is - the supply in which possession of the goods are transferred but the title on the same will be transferred at the future date?
• Input tax credit on capital goods and Inputs can be availed in one installment or in multiple installments?
• Credit on Input services or capital goods held in stock can be availed in case of new Registration/ Voluntary Registration