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of <h1>Understanding Input Tax Credit Conditions Under Section 18 of the Central Goods and Services Tax Act, 2017</h1> Section 18 of the Central Goods and Services Tax Act, 2017 outlines the conditions for availing input tax credit in special circumstances. A person who registers within 30 days of becoming liable can claim credit for inputs in stock before the tax liability date. Credit is also available when exempt supplies become taxable, or when a person ceases to pay tax under section 10. Credit on capital goods is reduced by prescribed percentages. Input tax credit cannot be claimed after one year from the invoice date. Changes in business structure allow transfer of unutilized credit under prescribed conditions. Payment adjustments are required when opting for tax under section 10 or when supplies become exempt.
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