A registered taxable person say, purchases capital goods in the last quarter of 2016-17. Though the invoice is received within 31st March but the capital goods are received on 5th April, 2017 (i.e. in GST regime). Will such a person get full credit of CENVAT in 2017-18? https://www.taxtmi.com/acts?id=22490 A transitional rule allows a registered taxable person to claim full CENVAT credit in the GST year where an invoice was issued before the transition cutoff but capital goods were received after commencement of the GST regime; the statutory explanation implementing the transitional provision expressly authorises such full credit in the subsequent GST year. en-us Thu, 22 Sep 2016 18:12:08 +0530 Thu, 22 Sep 2016 18:12:08 +0530 TaxTMI RSS Generator A registered taxable person say, purchases capital goods in the last quarter of 2016-17. Though the invoice is received within 31st March but the capital goods are received on 5th April, 2017 (i.e. in GST regime). Will such a person get full credit of CENVAT in 2017-18? https://www.taxtmi.com/acts?id=22490 A transitional rule allows a registered taxable person to claim full CENVAT credit in the GST year where an invoice was issued before the transition cutoff but capital goods were received after commencement of the GST regime; the statutory explanation implementing the transitional provision expressly authorises such full credit in the subsequent GST year. Act-Rules Bills Thu, 22 Sep 2016 18:12:08 +0530 https://www.taxtmi.com/acts?id=22490