TaxTMI Login
Just a moment...
Press 'Enter' to add multiple search terms. Rules for Better Search
of 
of 
No Folders have been created
Are you sure you want to delete "My most important" ?
NOTE:
of of 
All Acts & Rules
of of All Acts & Rules
Note
Bookmark
Share
Don't have an account? Register Here
of <h1>Understand Section 18 of West Bengal GST Act 2017: ITC Claims, Transfers, and Reversals Explained</h1> Section 18 of the West Bengal Goods and Services Tax Act, 2017, outlines the conditions under which input tax credit (ITC) is available in special circumstances. It allows registered persons to claim ITC on inputs in stock and semi-finished or finished goods when they register within 30 days of liability or when exempt supplies become taxable. ITC on capital goods is subject to prescribed reductions. Changes in business structure, such as mergers, allow for ITC transfer. If a person opts for composition levy or goods become exempt, ITC must be reversed. ITC on capital goods is adjusted based on transaction value or prescribed reductions.
TaxTMI 
TaxTMI 
