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    <title>GST update on credit of eligible duties and taxes in respect of inputs held in stock to be allowed in certain situations</title>
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    <description>Transitional provision allows registered taxable persons to claim electronic credit for duties and taxes on inputs and inputs in goods held on the appointed day if inputs are for taxable supplies, the claimant is eligible for input tax credit, possesses invoices or prescribed documents evidencing duty payment issued within the prior twelve months, passes on the benefit by reducing prices, and suppliers of services are not eligible for any abatement; a proviso permits certain registered persons lacking documents to take credit at a specified rate in a prescribed manner.</description>
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      <description>Transitional provision allows registered taxable persons to claim electronic credit for duties and taxes on inputs and inputs in goods held on the appointed day if inputs are for taxable supplies, the claimant is eligible for input tax credit, possesses invoices or prescribed documents evidencing duty payment issued within the prior twelve months, passes on the benefit by reducing prices, and suppliers of services are not eligible for any abatement; a proviso permits certain registered persons lacking documents to take credit at a specified rate in a prescribed manner.</description>
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