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of <h1>Input Tax Credit Eligibility Under MP GST Act, 2017: Key Provisions and Adjustments for Registered Taxpayers</h1> Under the Madhya Pradesh Goods and Services Tax Act, 2017, specific provisions allow for the availability of input tax credit in certain circumstances. A person registered within 30 days of becoming liable can claim credit on inputs held in stock before liability. Registration under specific sections also grants input tax credit eligibility. If a registered person ceases tax payment under section 10 or if exempt supplies become taxable, input tax credit can be claimed on relevant stock and capital goods, subject to prescribed reductions. Changes in business constitution allow for credit transfer, and opting for section 10 or exemptions requires credit adjustment. Credit calculations and adjustments for capital goods supply are prescribed.
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