Blocked credit under GST

Which of the following inward supplies are not eligible for ITC in case of a company manufacturing shoes?

• Food and beverages

• Outdoor catering

• Health services

• All of the above

ITC in respect to pipelines laid outside the factory & towers fixed to earth by foundation or structural support including foundation & structural support are ----------- ---- for the ITC.

• Eligible

• Not eligible

• Eligible, with permission of Jurisdictional officer

• None of the above

Mr. A, a practicing Chartered Accountant, purchased 3 laptops each having tax elements of `40,000 in his firm name. two laptops, he utilized in his office whereas one laptop he gifted to his sister. What is the amount of ineligible ITC?

• 40,000

• 50,000

• 75,000

• 80,000

Input tax credit shall not be available in respect of:

• Goods used for personal consumption

• Membership of a club

• Travel benefits extended to employees on vacation such as leave or home travel concession

• All of the Above

Mr. Z trades in certain items which are exempt and supplies certain items to SEZ which are zero-rated. He wants to understand which of the following will be included in computation of taxable supplies for purpose of availing input tax credit?

• Zero-rated supplies

• Exempt supplies

• Both i.e., Zero-rated and exempt supplies

• None of the above

What are the prior conditions to claim input tax credit?

• Tax invoice or debit note should be available

• The person should have received the goods/services

• Tax charged on the purchases has been deposited/paid to the government by the supplier

• All of the above

Which of the following Input Tax credit (ITC) is not available to the tax payer:-

• ITC on Goods purchased for resale

• ITC on Goods used for providing taxable services

• ITC on Goods used in making supplies out of India

• ITC on purchase of Motor vehicle for use by director

Input tax Credit is available on all supplies which are used or intended to be used in the course or furtherance of business. Input tax credit will be available under which of the following situations?

• GST paid on motor vehicle used in the course and furtherance of business

• GST paid on club membership fees.

• GST paid on goods or services or both used for personnel consumption.

• IGST @18% paid on inputs purchased from a vendor in Bangalore where the supplier is registered in Rajasthan.

Which of the following statement is not correct with respect to input tax

credit?

• Input tax credit is allowed on purchase invoices less than 1 year old.

• Input tax credit is allowed on capital goods

• Input tax credit is not allowed on goods/services for personal use.

• No input tax credit shall be allowed after GST return has been filed for

  September following the end of the financial year to which such invoice

  pertains or filing of relevant annual return, whichever is earlier.

'Zero rated supply' shall not include the following:

• Export of goods or services under bond or LUT

• Export of goods or services on payment of IGST

• Supplies by SEZ unit or SEZ developer.

• Supplies to SEZ unit or SEZ developer.