GST Quiz

GST Quiz on ITC

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Rule: You just have to read the Question below and think of the right answer and then you can comment below your answer and then click on check answer.

Question: Which of the following Input Tax Credit (ITC) is allowed and not covered as per Section 17(5) of the CHST act i.e. Blocked Credit?

A) ITC on Buying Motor Vehicle
B) ITC on club membership fees
C) ITC on GTA Service
D) ITC on Beauty Treatment

ANSWER= (C) ITC on GTA Service
Explain:- ITC on GTA service is not covered and not blocked as per section 17 (5), Buyer needs to pay the GST RCM liability and can avail ITC of such GTA service simultaneously.

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