Input tax credit entitlement for stock and capital goods subject to conditions, prescribed reductions and transfer/adjustment rules. Availability of input tax credit is allowed for inputs and inputs contained in semi finished or finished goods held in stock immediately before liability to tax or grant of registration, and for stock and capital goods when ceasing composition status or when exempt supplies become taxable, subject to prescribed percentage reductions for capital goods and prescribed conditions. Unutilised electronic credit may transfer on specified changes in business constitution, while opting into composition or becoming wholly exempt requires payment equivalent to attributable credits reduced by prescribed percentages, after which any remaining credit lapses.