MCQOPTIONS
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| 1. |
Mr. A obtains new registration, voluntary registration, change of scheme from composition to regular scheme and from exempted goods/services to taxable goods/services. He can avail credit on inputs lying in stock. What is the time limit for taking said credit |
| A. | year from the date of invoice |
| B. | year from the date of invoice |
| C. | year from the date of invoice |
| D. | one of the above |
| Answer» B. year from the date of invoice | |