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of <h1>Section 169 GST Law: Claim Credit for Duties on Stock Inputs with Conditions, Valid Invoices, and Twelve-Month Limit.</h1> Section 169 of the Model GST Law allows registered taxable persons to claim credit for eligible duties and taxes on inputs held in stock, including semi-finished or finished goods, under specific conditions. These conditions include using the inputs for taxable supplies, passing on credit benefits to recipients through reduced prices, possessing valid invoices or documents evidencing duty payment, and ensuring invoices are not older than twelve months prior to the appointed day. Additionally, the section outlines the types of eligible duties and taxes, including excise duties and service tax, applicable to inputs held in stock on the appointed day.
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