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    <title>Seeks to amend notification No. 02/2019- Union Territory Tax (Rate) so as to provide for application of Composition rules to persons opting to pay tax under notification no. 2/2019- Union Territory Tax (Rate).</title>
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    <description>Requires a registered person who availed input tax credit and opts for composition to debit the electronic credit or cash ledger an amount equivalent to credit attributable to inputs in stock, inputs in semi-finished or finished goods in stock, and capital goods, treating the supply as triggering reversal of input tax credit, and any remaining input tax credit balance in the electronic credit ledger shall lapse; CGST Rules for composition shall apply mutatis mutandis.</description>
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      <description>Requires a registered person who availed input tax credit and opts for composition to debit the electronic credit or cash ledger an amount equivalent to credit attributable to inputs in stock, inputs in semi-finished or finished goods in stock, and capital goods, treating the supply as triggering reversal of input tax credit, and any remaining input tax credit balance in the electronic credit ledger shall lapse; CGST Rules for composition shall apply mutatis mutandis.</description>
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