Examveda
Examveda

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. 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: Option A

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