which of the following case doesn't fall in blocked credit?
(a) Goods /services /both on which tax has been paid under section 10.
(b) Goods /services /both used for personal consumption.
(c) Goods lost, stolen, destroyed, written off or dispossessed of by way of gift or free samples.
(d) All of the above.
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Blocked Credit
Replies (7)
(d) All of the above.
how? give reason
Sorry misunderstanding all the above falls under block of credit except (d)
I think option (d) should be 'none of the above'
I think option (d) should be 'none of the above'
ya (d) should be none of the above.
Since all (a), (b) and (c) above covered u/s 17(5) blocked credits the option (d) should have been - None of the above.
All of the above have credit Blocked....
As per the Provision of SECTION 17(5) of CGST Act 2017 , all of the above said cases fall under Block CREDIT.
So, option (D) should be None of the above instead of All of the above...
Regards.
So, option (D) should be None of the above instead of All of the above...
Regards.
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