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What is the condition for availing Input Tax Credit (ITC) on goods and services?a)The goods and services should be used only for personal purposes.b)The goods and services should be received by the taxable person.c)The tax must be paid through electronic cash ledger.d)The tax invoice and debit note should be available.Correct answer is option 'B'. Can you explain this answer? for B Com 2024 is part of B Com preparation. The Question and answers have been prepared according to the B Com exam syllabus. Information about What is the condition for availing Input Tax Credit (ITC) on goods and services?a)The goods and services should be used only for personal purposes.b)The goods and services should be received by the taxable person.c)The tax must be paid through electronic cash ledger.d)The tax invoice and debit note should be available.Correct answer is option 'B'. Can you explain this answer? covers all topics & solutions for B Com 2024 Exam. Find important definitions, questions, meanings, examples, exercises and tests below for What is the condition for availing Input Tax Credit (ITC) on goods and services?a)The goods and services should be used only for personal purposes.b)The goods and services should be received by the taxable person.c)The tax must be paid through electronic cash ledger.d)The tax invoice and debit note should be available.Correct answer is option 'B'. Can you explain this answer?.

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