If the goods are received in lots/ instalment,………
A. 50% of ITC can be taken on receipt of 1st instalment and balance 50% on receipt of last instalment
B. ITC can be availed upon receipt of last instalment
C. 100% ITC can be taken on receipt of 1st Instalment
D. Proportionate ITC can be availed on receipt of each lot/instalment
Answer:B
If the goods are received in lots/ instalment,………
A. 50% of ITC can be taken on receipt of 1st instalment and balance 50% on receipt of last instalment B. ITC can be availed upon receipt of last instalment C. 100% ITC can be taken on receipt of 1st Instalment D. Proportionate ITC can be availed on receipt of each lot/instalment