Input tax credit reversal/payment required for inputs, semi finished/finished goods and capital goods with prescribed reporting and verification. Declaration obligations for reversal or payment of input tax credit cover inputs held in stock, inputs contained in semi finished or finished goods held in stock, and capital goods. The form mandates taxpayer identification, composition scheme opt in details where applicable, itemised stock particulars with invoice details or, where invoices are unavailable, FIFO or market value estimation, and capital goods valuation reduced by a quarterly depreciation factor. It also requires computation of ITC payable and paid by tax head, payment mode and debit entry references, and a verification statement by an authorised signatory.