TaxTMI Login
Just a moment...
AI-powered research trained on the authentic TaxTMI database.
Launch AI Search →Powered by Weblekha - Building Scalable Websites
Press 'Enter' to add multiple search terms. Rules for Better Search
of 
Press 'Enter' after typing page number.
of Press 'Enter' after typing page number.
No Folders have been created
Are you sure you want to delete "My most important" ?
NOTE:
of Press 'Enter' after typing page number.
of Press 'Enter' after typing page number.
All Acts & Rules
of Press 'Enter' after typing page number.
of Press 'Enter' after typing page number.
All Acts & Rules
Note
Bookmark
Share
Don't have an account? Register Here
of Press 'Enter' after typing page number.
<h1>Input tax credit availability clarified for registration changes and composition status, with prescribed reductions and ledger adjustments.</h1> Section 18 permits claim of input tax credit for inputs in stock, inputs in semi finished or finished goods in stock, and on capital goods when registration is newly obtained, granted after late application, when a person ceases to pay composition tax, or when an exempt supply becomes taxable; capital goods credits are subject to prescribed percentage reductions. Credit claims are barred after one year from the invoice date; unutilised credits may be transferred on business reorganisation; persons opting into composition or becoming wholly exempt must debit an amount equivalent to attributable credit (reduced as prescribed) to their electronic ledger, with prescribed methods for calculation and adjustment on supply of capital goods.
TaxTMI 
TaxTMI 
