https://www.taxtmi.com/acts?id=21677 A taxable person switching to the composition scheme must pay, by debit to the electronic credit or cash ledger, an amount equal to the input tax credit for inputs in stock and inputs in semi finished or finished goods held on the day immediately preceding the switch; any remaining input tax credit balance in the electronic credit ledger lapses after payment. en-us Wed, 15 Jun 2016 15:57:50 +0530 Thu, 16 Jun 2016 15:07:14 +0530 TaxTMI RSS Generator https://www.taxtmi.com/acts?id=21677 A taxable person switching to the composition scheme must pay, by debit to the electronic credit or cash ledger, an amount equal to the input tax credit for inputs in stock and inputs in semi finished or finished goods held on the day immediately preceding the switch; any remaining input tax credit balance in the electronic credit ledger lapses after payment. Act-Rules Bills Wed, 15 Jun 2016 15:57:50 +0530 https://www.taxtmi.com/acts?id=21677