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    <title>What is the ITC entitlement of a newly registered person?</title>
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    <description>A newly registered person may claim input tax credit for inputs held in stock and inputs contained in semi finished or finished goods on the day immediately preceding the grant of registration. If the person was liable to register and applied within the prescribed short period after becoming liable, the credit may be claimed as of the day immediately preceding the date on which the person became liable to registration.</description>
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      <description>A newly registered person may claim input tax credit for inputs held in stock and inputs contained in semi finished or finished goods on the day immediately preceding the grant of registration. If the person was liable to register and applied within the prescribed short period after becoming liable, the credit may be claimed as of the day immediately preceding the date on which the person became liable to registration.</description>
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