Input tax credit restriction: accumulated credit on specified goods for later supplies excluded and unutilised balances will lapse. The amendment inserts a proviso excluding application of the rate notification to input tax credit accumulated on supplies of specified goods received on or after the effective date, and provides that any accumulated input tax credit relating to those goods which remains unutilised after adjustment against tax liabilities for and up to the month before the effective date, for inward supplies received up to the last day before that date, shall lapse.