https://www.taxtmi.com/article/detailed?id=15064 Section 18(4) mandates ITC reversal only when supplies become wholly exempt or on opting for composition; a mere GST rate reduction that preserves taxability does not trigger reversal, but where the rate change is accompanied by a notification barring ITC, previously claimed credits on inputs, input services and capital goods must be reversed in accordance with rules prescribing calculation. en-us Tue, 09 Sep 2025 08:40:10 +0530 Tue, 09 Sep 2025 08:40:10 +0530 TaxTMI RSS Generator https://www.taxtmi.com/article/detailed?id=15064 Section 18(4) mandates ITC reversal only when supplies become wholly exempt or on opting for composition; a mere GST rate reduction that preserves taxability does not trigger reversal, but where the rate change is accompanied by a notification barring ITC, previously claimed credits on inputs, input services and capital goods must be reversed in accordance with rules prescribing calculation. Articles Goods and Services Tax - GST Tue, 09 Sep 2025 08:40:10 +0530 https://www.taxtmi.com/article/detailed?id=15064