https://www.taxtmi.com/news?id=18624 Transitional provisions allow migration of existing taxpayers with carry-forward of declared CENVAT/VAT credits as Input Tax Credit, limited allowance for unavailed credit on capital goods, and credit for inputs held in stock or used in formerly exempt goods. They also address credit entitlement when switching from composition to normal scheme, the amount payable to enter composition, and return-of-goods rules for previously exempt or duty-paid items. en-us Thu, 10 Aug 2017 15:51:54 +0530 Wed, 11 Feb 2026 15:57:22 +0530 TaxTMI RSS Generator https://www.taxtmi.com/news?id=18624 Transitional provisions allow migration of existing taxpayers with carry-forward of declared CENVAT/VAT credits as Input Tax Credit, limited allowance for unavailed credit on capital goods, and credit for inputs held in stock or used in formerly exempt goods. They also address credit entitlement when switching from composition to normal scheme, the amount payable to enter composition, and return-of-goods rules for previously exempt or duty-paid items. News - Thu, 10 Aug 2017 15:51:54 +0530 https://www.taxtmi.com/news?id=18624