MCQOPTIONS
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| 1. |
What will happen to the rest of credit carried forward in respect of a regular dealer switching over to composition stream under GST, after adjusting to the inputs held in stock?; |
| A. | Carry forward the rest of the credit |
| B. | Credit kept in abeyance till the taxable opts for normal scheme once again |
| C. | Credit lapses |
| D. | Electronic credit ledger will freeze with the credit available |
| Answer» D. Electronic credit ledger will freeze with the credit available | |