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Manner of claiming credit in special circumstances

Rule 5 - Input Tax Credit - Goods and Services Tax - Rule 5 - 5. (1) Input tax credit claimed in accordance with the provisions of sub-section (1) of section 18 on the inputs lying in stock or inputs contained in semi-finished or finished goods lying in stock, or the credit claimed on capital goods in accordance with the provisions of clauses (c) and (d) of the said sub-section, shall be subject to the following conditions - (a) The input tax credit on capital goods, in terms of clauses (c) and .....

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in FORM GST ITC-01 to the effect that he is eligible to avail of input tax credit as aforesaid; (c) The declaration under clause (b) shall clearly specify the details relating to the inputs lying in stock or inputs contained in semi-finished or finished goods lying in stock, or as the case may be, capital goods- (i) on the day immediately preceding the date from which he becomes liable to pay tax under the provisions of this Act, in the case of a claim under clause (a) of sub-section (1) of Sect .....

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