Switching from normal payment of tax composition scheme - Whether the assessee is liable to reverse Input Tax Credit (ITC) on inputs or capital goods held in stock? How to calculate reversal of ITC in such case?

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..... ilability of credit in special circumstances. THE CENTRAL GOODS AND SERVICES TAX ACT, 2017 Rule 44 - Manner of reversal of credit under special circumstances Central Goods and Services Tax Rules, 2017 Yes, as per section 18(4) of CGST Act, 2017 , he shall pay an amount, by way of debit in the electronic credit ledger or electronic cash ledger, equivalent to the credit of input .....

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