Cenvat credit of Capital Goods under GST

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Sir,

Whether under GST, Cenvat credit of Capital Goods can be availed in the Year of acquisition or to be deferred as in the existing law?

AI Summary

Cenvat Credit for Capital Goods: 100% Available in Year of Purchase Under GST, No Deferral Needed A query was raised regarding the availability of Cenvat credit for capital goods under the Goods and Services Tax (GST) system. The question was whether the credit could be claimed in the year of acquisition or if it needed to be deferred as per previous regulations. The response clarified that under GST, 100% credit for capital goods is available in the year of purchase.