https://www.taxtmi.com/acts?id=28187 Input tax credit is available where registration is obtained within thirty days or under late-registration provisions, where a composition taxpayer becomes liable to pay tax, or where an exempt supply becomes taxable; credit for inputs, inputs in stock and capital goods is measured as of the day preceding the relevant date, with prescribed percentage reductions for capital goods. Claims are barred for supplies invoiced more than one year earlier. Unutilised electronic credit may transfer on specified business restructurings. Opting into composition or conversion to exemption triggers payment from the electronic ledgers equal to attributable credit (reduced as prescribed), and supply of capital goods requires repayment equal to the residual credit or tax on transaction value, whichever is higher. en-us Wed, 28 Jun 2017 11:25:41 +0530 Mon, 10 Jul 2017 11:10:51 +0530 TaxTMI RSS Generator https://www.taxtmi.com/acts?id=28187 Input tax credit is available where registration is obtained within thirty days or under late-registration provisions, where a composition taxpayer becomes liable to pay tax, or where an exempt supply becomes taxable; credit for inputs, inputs in stock and capital goods is measured as of the day preceding the relevant date, with prescribed percentage reductions for capital goods. Claims are barred for supplies invoiced more than one year earlier. Unutilised electronic credit may transfer on specified business restructurings. Opting into composition or conversion to exemption triggers payment from the electronic ledgers equal to attributable credit (reduced as prescribed), and supply of capital goods requires repayment equal to the residual credit or tax on transaction value, whichever is higher. Act-Rules GST - States Wed, 28 Jun 2017 11:25:41 +0530 https://www.taxtmi.com/acts?id=28187