https://www.taxtmi.com/article/detailed?id=8879 Section 18 permits claim of Input Tax Credit for inputs, inputs in semi finished or finished goods held in stock, and for capital goods when registering (compulsory or voluntary), transitioning from composition to regular tax, or when exempt supplies become taxable, subject to prescribed percentage adjustments for capital goods and an invoice age limit of one year; it allows transfer of unutilized electronic credit on change in business constitution, prescribes computation and manner for claims and reversals, and requires reversal or payment (via electronic credit or cash ledger) when opting into composition or when supplies become exempt, with special valuation rules for supply of capital goods. en-us Thu, 02 Jan 2020 16:13:05 +0530 Thu, 02 Jan 2020 16:13:05 +0530 TaxTMI RSS Generator https://www.taxtmi.com/article/detailed?id=8879 Section 18 permits claim of Input Tax Credit for inputs, inputs in semi finished or finished goods held in stock, and for capital goods when registering (compulsory or voluntary), transitioning from composition to regular tax, or when exempt supplies become taxable, subject to prescribed percentage adjustments for capital goods and an invoice age limit of one year; it allows transfer of unutilized electronic credit on change in business constitution, prescribes computation and manner for claims and reversals, and requires reversal or payment (via electronic credit or cash ledger) when opting into composition or when supplies become exempt, with special valuation rules for supply of capital goods. Articles Goods and Services Tax - GST Thu, 02 Jan 2020 16:13:05 +0530 https://www.taxtmi.com/article/detailed?id=8879