Tax credit balance not available in the returns

 Tax credit balance not available in the returns 

> It might happen in the following cases:

1. Tax credit in respect of capital goods:

2. Taxpayer is paying tax under the composition scheme in the earlier law: whereas, under the normal scheme under the GST.

> The taxpayer could claim the unutilized/Unav ailed tax credit provided it should be admissible under the earlier law as well as new law

> If credit relates to the category(ii) above, the taxpayer should have invoice/other evidence in his possession for purchase relating to inputs held in stock and inputs contained in semi-finished or finished goods held in stock, not earlier than 12 months from the appointed day.