Maximum time limit for availing ITC is

Related MCQs

• 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
• Suppose Mr. X has a SGST credit of ` 10 lakhs in his ITC ledger and at the same time, he has a CGST output liability of ` 7 lakhs. What an amount should be deposited by Mr. X to his E-Cash ledger maintained at the GSTN portal
• Suppose Mr. Y has a IGST credit of ` 14 lakhs in his ITC ledger and at the same time, he has a IGST liability of ` 7 lakhs, CGST liability of ` 8 lakhs and SGST liability of ` 5 lakhs. What an amount should be deposited by Mr.Y to his E-Cash ledger maintained at the GSTN portal?
• Suppose Mr. Z has a credit of ` 15 lakhs in his ITC ledger and at the same time, he has an interest arrears dues of ` 16 Lakhs and penalty dues of ` 12 lakhs. If so, how much Mr. Z has to deposit to settle the above interest and penalty dues?
• For certain Special category States, the reduced limit of ` 75 lakhs for opting composition scheme is available. The reduced limit of ` 75 Lakhs is not available for?
• What is the maximum time limit to claim the Input tax credit?
• The supply of goods to SEZ unit is treated as in the hands of the supplier for eligibility of ITC.
• ITC can be taken on goods if goods not received by registered person but
• ITC can be availed on
• ITC can be claimed by a registered person for