Input tax credit exclusion for specified goods: accumulated credits for supplies received after August will lapse if unutilised. Amendment inserts a proviso excluding input tax credit on specified goods for supplies received on or after the first day of August, 2018, and provides that accumulated input tax credit balances unutilised after payment of tax for and up to July 2018, in respect of inward supplies received up to 31st July 2018, shall lapse. The amendment is effective from 26th July, 2018.