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Conversion from composite scheme to regular

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(Querist)
14 May 2018 my friend has converted from composition scheme to regular on 22nd feb. at that time the closing stock was 14lacs. when he was filing under regular scheme can he get input tax credit on the closing stock, if yes then what is the procedure.
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CA Suresh Jain

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CA Suresh Jain (Expert)
14 May 2018 Yes, he is eligible for input credit; he should file form ITC-01 within 30 days from the date of conversion
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RAJESH

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RAJESH (Querist)
15 May 2018 The time for filing ITC 01 is over, then what is the procedure
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