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GST input tax credit


mock test in GST input tax credit for preparing CA Inter, CA IPCC, CA Final, CS executive, CS professional, CMA Inter, CMA Final, GST practitioner exam, competitive exams.

Mock test in gst input tax credit

Subject :- GST for CA Final

Chapter :- Input Tax Credit  – Test 1

Questions :- 30


Claiming Credit of GST paid on purchase of goods or services which are used for the furtherance of business.

In order to avail GST input tax credit, registered taxable person needs to meet the following conditions.

Must possess a Tax Invoice / Debit or Credit Note / Supplementary Invoice issued by the supplier

Must have received the goods / services

Must have filed returns (GSTR 3)

Must ensure that the tax charged has been paid to the government by the supplier

Must have completed invoice matching and would have arrived at the final ITC post reversals