On grant, registration is effective:
AAlways from start of next FY
BAlways from date of grant
CFrom date of application if applied within 30 days of becoming liable
DBased on the proper officer's discretion
Answer & Solution
Correct answer: C. From date of application if applied within 30 days of becoming liable
1. Rule 10(2) — if a person applies for registration within 30 days from becoming liable, the effective date of registration is the date on which he became liable.
2. If applied after 30 days, the effective date is the date of GRANT of registration.
3. Hence delay loses retrospective coverage and ITC on stock pre-effective date.
_Source: ICAI BoS CA Final Paper 8, Ch 7 "Registration", §Sec 25(2)/(3) + Rule 10(2)_
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