Input tax credit entitlement clarified for registration, composition transitions and capital goods adjustments under GST Entitlement to input tax credit is allowed for persons newly registered or registered under delayed provisions, and for those ceasing composition or whose exempt supplies become taxable, in respect of inputs, inputs in finished or semi finished goods, and capital goods immediately before liability or registration, subject to prescribed reductions and a one year invoice time limit. Unutilised electronic credit may transfer on change of constitution where liabilities transfer. Opting for composition or exemption requires payment equivalent to specified credits (after prescribed reductions) with remaining credit lapsing, and disposal of capital goods mandates repayment equal to the adjusted credit or tax on transaction value, whichever is higher.