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

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What is the eligibility of input tax credit on inputs in stock for a person who obtains voluntary registration?
posted Nov 3, 2017 by Raghav Choudhary

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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.

answer Nov 6, 2017 by Adarsh
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