Transitional CENVAT credit available when the credit was admissible under prior law and CGST transitional provision. A taxpayer who received an invoice for capital goods under Central Excise before the GST commencement but received the goods after GST will be entitled to credit in the GST regime provided such credit was admissible as CENVAT under the prior law and is admissible under the CGST transitional provision (section 140(2)).