MCQOPTIONS
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MCQOPTIONS
| 1. |
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 year from the date of invoice |
| C. | 5 year from the date of invoice |
| D. | None of the above |
| Answer» B. 3 year from the date of invoice | |