Input Tax Credit and Its Utilization – Test 4

Whether ITC is available in respect of Life Insurances services, where the Government notifies it a services which are obligatory for an employer to provide to its employees under any law for the time of being in force ?

Whether ITC is available in respect of Health Insurance services ?

Whether ITC is available in respect of Health insurance services, where the Government notifies it as services which are obligatory for an employer to provide to its employees under any law for the time being in force ?

Whether ITC is available in respect of Health Insurance services, where such inward supply of services is used by a registered person for making an outward taxable supply of the same category of goods or services or both ?

Whether ITC is available in respect of Health Insurance services, where such inward supply of services is used by a registered person as part of taxable composite or mixed supply ?

Whether benefit of ITC would be available if the company procures health insurance services for benefit of its employees where procurement of such services is mandatory under Factories Act ?

Whether benefit of ITC would be available in respect of works contract services received for construction of an office premises ?

Whether benefit of ITC would be available in respect of works contract services received for construction of plant & machinery ?

Whether benefit of ITC would be available in respect of works contract services received for construction of an immovable property, where it is an input service for further supply of works contract service ?

Whether benefit of ITC would be available in respect of goods or services or both received by a taxable person for construction of an immovable property on his own account including when such goods or services or both are used in the course or furtherance of business ?

Whether benefit of ITC would be available in respect of goods or services or both received by a taxable person for construction of an immovable property, being a plant & machinery ?

Whether ITC of goods or services can be claimed, where the building constructed is used in providing renting of immovable property services ?

In respect of construction of an immovable property, construction includes _____ to the extent of capitalisation, to  the said immovable property.

Whether benefit of ITC would be available in respect of goods or services or both on which tax is paid under the composition scheme ?

Whether benefit of ITC would be available in respect of goods or services or both received by a non-resident taxable person (NRTP) (other than goods imported by him) ?

Mr.Jojo, a non-resident taxable person imported certain goods worth Rs.5,60,000 which include IGST of Rs.60,000. Whether Jojo can claim ITC on such import ?

Whether benefit of ITC would be available in respect of Goods or services received or both used for personal consumption ?

Mr.Sumit, is a supplier of sports equipment. He purchased 100 cricket  bats worth Rs.59,000 including GST of Rs.9,000 from Mr.Robin, a registered dealer, out of which he gives 2 bats to his brother Ankush and Aman. Whether Mr.Sumit can claim ITC in respect of such bats which are given to his brothers ?

In which of the following cases, ITC would not be available ?

In which of the following cases, ITC would not be available ?

In which of the following cases, ITC would not be available ?

In which of the following cases, ITC would not be available ?

Aayush is a registered dealer under GST. He is eligible for ITC of inputs held with him on the date immediately preceding the date on which he becomes liable to register under GST. He shall file a declaration in Form ________ to avail such input tax credit.

As per section 18(1) of CGST Act, 2017, a person who has taken registration voluntarily u/s 25(3) shall not be entitled to take credit of __________ on the day immediately preceding the date of grant of registration

As per section 18(1) f CGST Act, 2017, a person who exempt supply becomes a taxable supply of shall not be entitled to take credit of __________ on the day immediately preceding the date from which the supply becomes taxable.

A registered person shall not be entitled to take input tax credit u/s 18(1) in respect of stock held for

Details furnished in the declaration (Form GST ITC-01) shall be duly certified by a practicing chartered accountant or cost accountant, if the aggregate value of claim on account of taxes esceeds

Sumit a registered composite dealer and he wants to pay tax under normal scheme in FY 2018-19. The registration certification had been granted to him on 01.05.2018. He will be eligible for ITC for inputs/capital goods held with him on the date immediately preceding the

Ankush, a registered dealer is engaged in supplying exempted goods. The government has withdrawn the exemption on such goods w.e.f. 14-04.2018. He will be eligible for ITC of inputs/capital goods held with him on the date immediately preceding the

Rajan was a composition dealer and he wants to shift to normal scheme w.e.f. 01.10.2018. He had purchased a plant and machinery of Rs.10 lakhs on 01.08.2017 on which he paid GST of Rs.1,80,000. How much input tax credit can be claimed by him on such plant and machinery, if he shifts from composition sheme to normal scheme ?