https://www.taxtmi.com/acts?id=21675 Transitional rules allow a registered taxable person to take credit for taxes and duties paid under the earlier law on inputs and inputs contained in semi finished or finished goods held in stock on the appointed day, if such inputs are for taxable supplies, the person would have been eligible for credit under the earlier law but for non registration or exemption, is eligible under the new Act, possesses invoices or prescribed documents issued within twelve months before the appointed day, and the credit amount is calculated per generally accepted accounting principles; such credit is recoverable as an arrear if found recoverable under proceedings under the earlier law. en-us Wed, 15 Jun 2016 15:56:58 +0530 Thu, 16 Jun 2016 14:57:16 +0530 TaxTMI RSS Generator https://www.taxtmi.com/acts?id=21675 Transitional rules allow a registered taxable person to take credit for taxes and duties paid under the earlier law on inputs and inputs contained in semi finished or finished goods held in stock on the appointed day, if such inputs are for taxable supplies, the person would have been eligible for credit under the earlier law but for non registration or exemption, is eligible under the new Act, possesses invoices or prescribed documents issued within twelve months before the appointed day, and the credit amount is calculated per generally accepted accounting principles; such credit is recoverable as an arrear if found recoverable under proceedings under the earlier law. Act-Rules Bills Wed, 15 Jun 2016 15:56:58 +0530 https://www.taxtmi.com/acts?id=21675