1. Search Case laws by Section / Act / Rule — now available beyond Income Tax. GST and Other Laws Available
2. New: “In Favour Of” filter added in Case Laws.
Try both these filters in Case Laws →
TaxTMI Login
🚀 New: Section-Wise Filter ✕
Just a moment...
1. Search Case laws by Section / Act / Rule — now available beyond Income Tax. GST and Other Laws Available
2. New: “In Favour Of” filter added in Case Laws.
Try both these filters in Case Laws →
Press 'Enter' to add multiple search terms. Rules for Better Search
of 
Press 'Enter' after typing page number.
of Press 'Enter' after typing page number.
No Folders have been created
Are you sure you want to delete "My most important" ?
NOTE:
of Press 'Enter' after typing page number.
of Press 'Enter' after typing page number.
All Notifications
of Press 'Enter' after typing page number.
of Press 'Enter' after typing page number.
All Notifications
Note
Bookmark
Share
Don't have an account? Register Here
of Press 'Enter' after typing page number.
<h1>Input tax credit adjustment required when a registered person opts for tax under this notification; debit from ledgers, balance lapses.</h1> A registered person who availed input tax credit and opts to pay tax under this notification must pay, via debit to the electronic credit or cash ledger, an amount equivalent to input tax credit on inputs held in stock, inputs in semi finished or finished goods in stock, and on capital goods as if the credit reversal provision applied; any remaining input tax credit balance in the electronic credit ledger shall lapse. Composition scheme rules under the Uttarakhand GST Rules apply mutatis mutandis to persons paying under this notification.
TaxTMI 
TaxTMI 
