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    <title>Seeks to amend MGST Act so as to provide for application of Composition rules to persons opting to pay tax under notification No.ERTS(T) 4/2019/40 Dated Shillong,the 7th March, 2019.</title>
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    <description>Registered persons who have availed input tax credit and opt to pay tax under the notification must pay, by debit to the electronic credit or cash ledger, an amount equivalent to the input tax credit on inputs in stock, inputs in semi finished or finished goods in stock, and on capital goods as if the credit reversal provision applied; after payment any remaining input tax credit in the electronic credit ledger shall lapse. The Meghalaya GST Rules applicable to composition taxpayers shall apply mutatis mutandis to persons paying under this notification.</description>
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