https://www.taxtmi.com/article/detailed?id=7167 Credit of eligible duties and taxes in the electronic credit ledger is allowed to specified registered persons holding inputs or goods in stock on the appointed day, subject to conditions: inputs must be used for taxable supplies; the benefit of credit must be passed on by reduced prices; the claimant must be eligible for input tax credit under the Act; the claimant must possess invoices or prescribed documents evidencing earlier duty payment issued within twelve months before the appointed day; and the supplier of services must not be eligible for any abatement. A proviso allows certain registered persons without invoices to take cenvat at a specified rate and manner. en-us Fri, 30 Dec 2016 12:17:36 +0530 Fri, 30 Dec 2016 12:17:36 +0530 TaxTMI RSS Generator https://www.taxtmi.com/article/detailed?id=7167 Credit of eligible duties and taxes in the electronic credit ledger is allowed to specified registered persons holding inputs or goods in stock on the appointed day, subject to conditions: inputs must be used for taxable supplies; the benefit of credit must be passed on by reduced prices; the claimant must be eligible for input tax credit under the Act; the claimant must possess invoices or prescribed documents evidencing earlier duty payment issued within twelve months before the appointed day; and the supplier of services must not be eligible for any abatement. A proviso allows certain registered persons without invoices to take cenvat at a specified rate and manner. Articles Goods and Services Tax - GST Fri, 30 Dec 2016 12:17:36 +0530 https://www.taxtmi.com/article/detailed?id=7167