The correct answer is C. In one installment.
Input tax credit is a tax credit that is available to businesses on the purchase of goods and services that are used in the course of their business. The credit can be used to offset the amount of tax that the business owes on its sales.
The amount of input tax credit that is available to a business is based on the amount of tax that is paid on the purchase of the goods and services. The credit is available for both capital goods and inputs.
Capital goods are goods that have a useful life of more than one year. Inputs are goods and services that are used in the course of the business, but that have a useful life of less than one year.
The input tax credit can be availed in one installment. This means that the business can claim the credit in the same financial year in which the goods and services were purchased.
The input tax credit is a valuable tool for businesses. It can help businesses to reduce their tax liability and improve their cash flow.
The other options are incorrect because they do not reflect the current law on input tax credit.