Question

A company pays goods transporters ₹2,00,000 but no GST invoice received so cannot claim input tax credit. The accounting effect on GST payable and expenses:

A GST input claimed immediately
B Expense debited ₹2,00,000; GST input not claimed until invoice available
C Recognise capital asset
D Defer expense indefinitely
E Treat as contingent liability
Practice Next

Hey! Ask a query

🎓
Think You're Ready for RBI Grade B?
RBI Grade B 2026 Phase 1 Memory Based Paper
  • 200 Questions with Detailed Solutions
  • Section-wise Coverage (GA, English, Quant & Reasoning)