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
Correct Answer: 1 year from the date of invoice
