as per notification 20/2018
all accumulated ITC lying unutilsed shall lapse as on 31 July after adjustment of tax liability
but what about stock assesee has as on 31 July
laps mean you can show under expense head or can add to your purchase cost,..
because As per Notification 5/2017, textile dealer is not allowed to take ITC under Inverted Tax Structure, but the same being ammended by the notification 20/2018 , that he can take ITC under Inverted tax structure from 1/8/2018, so the accumulated ITC upto 31/7/2018 will be laps mean govt will not give refund for same
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