https://www.taxtmi.com/acts?id=22356 Where supplies by a registered taxable person become absolutely exempt, the supplier must pay an amount equal to the input tax credit in respect of inputs held in stock and inputs contained in semi finished or finished goods on the day immediately preceding the exemption; after payment any remaining balance in the electronic credit ledger lapses, and the amount payable is to be calculated in accordance with GAAP. en-us Thu, 22 Sep 2016 16:49:25 +0530 Thu, 22 Sep 2016 16:49:25 +0530 TaxTMI RSS Generator https://www.taxtmi.com/acts?id=22356 Where supplies by a registered taxable person become absolutely exempt, the supplier must pay an amount equal to the input tax credit in respect of inputs held in stock and inputs contained in semi finished or finished goods on the day immediately preceding the exemption; after payment any remaining balance in the electronic credit ledger lapses, and the amount payable is to be calculated in accordance with GAAP. Act-Rules Bills Thu, 22 Sep 2016 16:49:25 +0530 https://www.taxtmi.com/acts?id=22356