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of <h1>GST Transition: Claim Input Tax Credit on Stock When Switching from Composition Scheme to Regular Regime</h1> A registered taxable person transitioning from a composition scheme to the regular GST regime is entitled to claim credit for eligible duties and taxes on inputs in stock, including semi-finished and finished goods, as of the appointed date. This credit is available if the inputs are intended for taxable supplies, the person is not taxed under section 9, and is eligible for input tax credit. The person must possess invoices or documents evidencing duty payment under the previous law, issued within twelve months before the appointed date. The credit amount is calculated as prescribed by law.
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