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          <h1>Registered individuals must transfer CENVAT credit to their electronic ledger under CGST Act 2017; specific rules apply for eligibility.</h1> A person registered under the Central Goods and Services Tax Act, 2017 must transfer all CENVAT credit from the CENVAT Credit Rules, 2004 to their electronic credit ledger as per the 2017 Act. Credits not eligible for transfer cannot be retained unless permitted under the new rules. Those not previously required to register under the Excise Act will be deemed to possess documentation of duty payment if a manufacturer issues a credit transfer document for specified goods held in stock on July 1, 2017. Specified goods must exceed a value of twenty-five thousand rupees per piece and be identifiable by a distinct number.

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