TaxTMI 
TaxTMI 
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?
Cenvat credit of Capital Goods under GST
23 May 2017 
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Cenvat credit of Capital Goods: full input tax credit may be availed in the year of purchase under GST.
Under GST, Cenvat credit for Capital Goods may be claimed in the year of acquisition, permitting immediate availment of the full input tax credit at the time of purchase instead of deferring the credit. (AI Summary)
Under GST, Cenvat credit for Capital Goods may be claimed in the year of acquisition, permitting immediate availment of the full input tax credit at the time of purchase instead of deferring the credit. (AI Summary)
