What would happen to the input tax credit availed by a registered person who opts for composition scheme or where the goods or services or both supplied by him become wholly exempt?

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..... ST - Input Tax Credit - FAQ on GST (2nd Edition) dated 31.3.2017 - Act-Rules - Q 28. What would happen to the input tax credit availed by a registered person who opts for composition scheme or whe .....

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..... ade by debiting electronic credit ledger, if there is sufficient balance in the credit ledger, or by debiting electronic cash ledger. If any balance remains in the credit ledger, it would lapse. - .....

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