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of <h1>Agents Can Claim Tax Credit on Principal's Capital Goods Under Section 193 of GST Law; Conditions Apply</h1> Section 193 of the Model GST Law allows agents to claim credit for tax paid on capital goods belonging to the principal and lying with them on the appointed day. To qualify, the agent must be a registered taxable person, and both the principal and agent must declare the stock details as prescribed. The invoices for the capital goods should not be older than twelve months from the appointed day. Additionally, the principal must not have claimed input tax credit on these goods, or if claimed, must have reversed it. This provision is specific to the SGST Law.
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