https://www.taxtmi.com/acts?id=27705 Availability of input tax credit is provided for persons newly registered or granted delayed registration, for persons ceasing composition liability, and where exempt supplies become taxable, allowing credit for inputs, inputs contained in stock and capital goods held immediately prior to the change, subject to prescribed percentage reductions on capital goods and a one year invoice limitation; unutilised electronic credit may be transferred on specified business reorganisations, and persons opting into composition or becoming wholly exempt must pay prescribed amounts on stock and capital goods, after which any remaining credit lapses. en-us Mon, 26 Jun 2017 11:41:35 +0530 Mon, 26 Jun 2017 11:41:35 +0530 TaxTMI RSS Generator https://www.taxtmi.com/acts?id=27705 Availability of input tax credit is provided for persons newly registered or granted delayed registration, for persons ceasing composition liability, and where exempt supplies become taxable, allowing credit for inputs, inputs contained in stock and capital goods held immediately prior to the change, subject to prescribed percentage reductions on capital goods and a one year invoice limitation; unutilised electronic credit may be transferred on specified business reorganisations, and persons opting into composition or becoming wholly exempt must pay prescribed amounts on stock and capital goods, after which any remaining credit lapses. Act-Rules GST - States Mon, 26 Jun 2017 11:41:35 +0530 https://www.taxtmi.com/acts?id=27705