Question 18 - What is the eligibility of input tax credit on inputs in stock for a person who obtains voluntary registration?

Input tax credit eligibility on pre-registration stock permitted for voluntary registrants upon the date of registration.

Persons obtaining voluntary registration may claim input tax credit for tax paid on inputs, semi finished goods and finished goods held in stock on the day immediately preceding the date of registration, allowing a one time transfer of that credit into the registrant's credit ledger subject to applicable documentary and procedural compliance.