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    <title>Seeks to amend Notification No. 02/2019- State Tax (Rate), dated the 7thMarch, 2019</title>
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    <description>Registered persons who have availed input tax credit and opt to pay tax under this notification must debit their electronic credit or cash ledger an amount equal to ITC on inputs in stock, inputs in semi finished or finished goods held in stock, and on capital goods as if transitional reversal rules applied; after such payment any remaining ITC balance in the electronic credit ledger shall lapse. The GST Rules applicable to composition taxpayers shall, mutatis mutandis, apply to persons paying tax under this notification.</description>
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      <description>Registered persons who have availed input tax credit and opt to pay tax under this notification must debit their electronic credit or cash ledger an amount equal to ITC on inputs in stock, inputs in semi finished or finished goods held in stock, and on capital goods as if transitional reversal rules applied; after such payment any remaining ITC balance in the electronic credit ledger shall lapse. The GST Rules applicable to composition taxpayers shall, mutatis mutandis, apply to persons paying tax under this notification.</description>
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