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


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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