https://www.taxtmi.com/acts?id=28479 Availability of input tax credit is allowed in defined special circumstances: registration within thirty days or registration under specified provisions permits credit for inputs and stock as of the day before liability or registration; cessation of composition or conversion from exempt to taxable status permits credit for inputs and capital goods, subject to prescribed reductions; claims are barred after one year from invoice; unutilised credit transfers on change of constitution; switching to composition or becoming wholly exempt requires payment equal to credit on stock and capital goods (after prescribed reductions); disposal of capital goods requires payment equal to adjusted credit or tax on transaction value, whichever is higher. en-us Thu, 29 Jun 2017 15:38:09 +0530 Wed, 02 Aug 2017 10:45:23 +0530 TaxTMI RSS Generator https://www.taxtmi.com/acts?id=28479 Availability of input tax credit is allowed in defined special circumstances: registration within thirty days or registration under specified provisions permits credit for inputs and stock as of the day before liability or registration; cessation of composition or conversion from exempt to taxable status permits credit for inputs and capital goods, subject to prescribed reductions; claims are barred after one year from invoice; unutilised credit transfers on change of constitution; switching to composition or becoming wholly exempt requires payment equal to credit on stock and capital goods (after prescribed reductions); disposal of capital goods requires payment equal to adjusted credit or tax on transaction value, whichever is higher. Act-Rules GST - States Thu, 29 Jun 2017 15:38:09 +0530 https://www.taxtmi.com/acts?id=28479