Gst doubts

Originally posted by : Arunkumar M
	A person is a composition dealer- he is purchased stocks and machines for business purpose. now,he is migrated to regular scheme. My question is, at the time of composition already purchased stocks after changed  to regular if INPUT TAX CREDIT is taken or not? Please reply. Thank you

18. Availability of credit in special circumstances.

1. where any registered person ceases to pay tax under section 10 ( Composition Person ) , he shall be entitled to take credit of input tax in respect of inputs held in stock, inputs contained in semi-finished or finished goods held in stock and on capital goods on the day immediately preceding the date from which he becomes liable to pay tax under section 9: 
2.  Provided that the credit on capital goods shall be reduced by such percentage ( 5 % PER QTR OR PART QTR ) points as may be prescribed.

yes, youo can take it after 30 days