what to do with the itc of goods taken earlier as goods are taxable at that time but from 18/july that goods become exempt kindly elaborate the issue provide solution
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Quick Summary
This discussion addresses a common GST query regarding Input Tax Credit (ITC) for goods that were taxable but later became exempt from 18th July. It seeks clarification on how to handle previously claimed ITC for these now-exempt items. The conversation points towards examining time of supply provisions under GST, specifically Section 17(3), to find a resolution.