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    <title>Transitional arrangements for input tax credit.</title>
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    <description>Registered persons, excluding composition taxpayers, may migrate admissible VAT and entry tax credits to the GST electronic credit ledger in prescribed manner; unavailed capital goods credit may be taken if admissible under both laws; persons previously unregistered or dealing in exempt or tax-free goods may claim credit for inputs held in stock subject to eligibility, possession of prescribed invoices issued within the prior twelve months, and intended use for taxable supplies; inputs received after the appointed day but taxed under the prior law may be credited if recorded timely and supported by prescribed statements; calculation methods are prescribed.</description>
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      <description>Registered persons, excluding composition taxpayers, may migrate admissible VAT and entry tax credits to the GST electronic credit ledger in prescribed manner; unavailed capital goods credit may be taken if admissible under both laws; persons previously unregistered or dealing in exempt or tax-free goods may claim credit for inputs held in stock subject to eligibility, possession of prescribed invoices issued within the prior twelve months, and intended use for taxable supplies; inputs received after the appointed day but taxed under the prior law may be credited if recorded timely and supported by prescribed statements; calculation methods are prescribed.</description>
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      <pubDate>Thu, 29 Jun 2017 18:12:51 +0530</pubDate>
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