Question 12: Answer the following Mr.X is liable to pay tax from 1.10.2019 and has obtain registration on 11.10.2019. Is he eligible to claim ITC on inputs held on stocks? If yes on which date and what about ITC on capital goods. What should be the effective date of registration? (ii) Mr. Y applies for voluntary registration on 1.10.2019 and get registration certificate on 11.10.2019. Is he eligible to claim ITC on inputs held on stocks? If yes on which date and what about ITC on capital goods. What should be the effective date of registration. (iii) An assessee has claimed ITC on capital goods (IGST of 220,000) and used such goods for 4 months 16 days and thereafter opted to pay tax under composition scheme. Comment