CAF-2 · Chapter 18 · Question 1 of 15
If a registered person inadvertently failed to deduct input tax in the relevant tax period in which the purchase was made, what is the maximum time limit allowed by the Sales Tax Act, 1990 to claim such missed input tax?
Test yourself: pick an answer
Reveal answer & explanation
Correct answer: B) B) It can be claimed in the return for any of the six succeeding tax periods.
Explanation
Where a registered person did not deduct input tax within the relevant period, he may claim such tax in the return for any of the six succeeding tax periods.
More Determination of Sales Tax Liability MCQs
- Q3Which of the following input taxes is strictly INADMISSIBLE under Section 8 of the Sales Tax Act, 1990?
- Q4A registered manufacturer has an output tax liability of Rs. 1,000,000 for the month of August 2026. The input tax paid on raw materials…
- Q5Following up on the 90% input tax restriction under Section 8B, which of the following input tax claims is EXEMPT from this 90% limitation?
- Q6XYZ Traders deals in both taxable and exempt supplies. During the month, the value of their taxable supplies was Rs. 6,000,000 and exempt…
- Q7A registered manufacturer sold taxable goods with a 1-year warranty. Five months later, a customer returned a defective part, and the…