An assessee obtains new registration, voluntary registration, change of scheme from composition to regular scheme and from exempted goods/ services to taxable goods/services. It can avail credit on inputs lying in stock. What is the time limit for taking said credit?

• A. 1 year from the date of invoice
• B. 3 years from the date of invoice
• C. 5 years from the date of invoice
• D. None of the above