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<h1>Input tax credit entitlement allows claims on stock and capital goods upon registration, conversion, or business-structure change.</h1> Availability of input tax credit is allowed for persons registering after becoming liable, persons granted registration under special provisions, registered persons ceasing to be regular taxable persons, and where exempt supplies become taxable; credit covers inputs, inputs in semi finished or finished goods and capital goods held immediately before the relevant date, subject to prescribed conditions, percentage point reductions for capital goods, a time limitation for claiming credit on invoices, prescribed calculation methods, transfer of unutilised credit on change of business constitution, and payment obligations when switching to composition or when supplies become exempt.
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