Gst

25. Mr. A obtains new registration, voluntary registration, change of scheme from composition to regular scheme and from exempted goods/services to taxable goods/services. He can avail credit on inputs lying in stock. What is the time limit for taking said credit

1 year from the date of invoice
3 year from the date of invoice
5 year from the date of invoice
None of the above

Detailed SolutionMr. A obtains new registration, voluntary registration, change of scheme from composition to regular scheme and from exempted goods/services to taxable goods/services. He can avail credit on inputs lying in stock. What is the time limit for taking said credit

27. 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?

Yes
No
Yes, in specific instances
Can be availed only after transfer of document of title after movement of goods

Detailed SolutionWhether 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?

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