Q 192. What is the eligibility of input tax credit on inputs in stock for a person who obtains voluntary registration?

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Ans. As  per  section  16(2A)  of  MGL,  the  person  who obtains voluntary registration is entitled to take the input tax credit of input tax on inputs in stock, inputs in semi- finished goods and finished goods in stock, held on the day immediately preceding the date of registration. [ As per FAQ on GST published…

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