Input tax credit availability: entitlement and repayment rules for registration changes, restructurings, and capital goods under GST framework.

Availability of Input Tax Credit is limited to specific events: registration within the prescribed period, registration under the specified provision, cessation of composition and conversion to regular tax, and where exempt supplies become taxable. Entitlement covers inputs, inputs in semi finished or finished goods held immediately before the relevant date and capital goods subject to prescribed percentage reductions. Temporal limits bar credit after a prescribed period from invoice issuance. Unutilised credit may be transferred on business restructurings with liabilities transfer. Opting into composition or absolute exemption requires payment of an amount equivalent to specified credits on stock and capital goods, after which remaining ledger balances lapse.

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