Tag Archives: Section 18(7) Revised Model GST Law

GST Input Tax Credit Treatment in case Switchover from Taxable to Exempt /Composition Scheme

By | March 18, 2017

What is the Input Tax Credit Treatment in case of switchover from taxable to exempt transactions or from Regular to composition Scheme ? As per Section 18(7) of the Revised Model GST Law the taxable person should pay the input tax credit already availed to the extent of credit in stock and on capital goods… Read More »