alleryStart learning →A composition dealer moves to the regular scheme. Credit is available on stock and also on what else?
APlant rent paid
BCapital goods
CSalary expenses
DPending refunds
Answer & Solution
Correct answer: B. Capital goods
Section 18(1)(c) allows credit on inputs in stock, in semi-finished and finished goods, and on capital goods when a person ceases to pay tax under Section 10.
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