Manner of reversal of credit under special circumstances

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....r the purposes of sub-section (4) of section 18 or sub-section (5) of section 29, be determined in the following manner, namely,- (a) for inputs held in stock and inputs contained in semi-finished and finished goods held in stock, the input tax credit shall be calculated proportionately on the basis of the corresponding invoices on which credit had been availed by the registered taxable p....

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....tered person shall estimate the amount under sub-rule (1) based on the prevailing market price of the goods on the effective date of the occurrence of any of the events specified in sub-section (4) of section 18 or, as the case may be, sub-section (5) of section 29.] (4) The amount determined under sub-rule (1) shall form part of the output tax liability of the registered person and the details....

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....e of the capital goods, the amount determined shall form part of the output tax liability and the same shall be furnished in FORM GSTR-1.     ************** NOTES:- 1.  Substituted vide Notification No. 15/2017 - Central Tax dated 01-07-2017 w.e.f. 01-07-2017 before it was read as, "integrated tax and central tax" 2.  Inserted vide Notification....