alleryStart learning →Goods on one invoice arrive in lots. When is full credit taken?
AOn receipt of the first lot
BOn receipt of each lot proportionately
COn the date of the invoice
DUpon receipt of the last lot
Answer & Solution
Correct answer: D. Upon receipt of the last lot
The first proviso to Section 16(2) lets the registered person take credit only upon receipt of the last lot or instalment.
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