Tax paid on capital goods lying with agents to be allowed as credit

Tax paid on capital goods lying with agents to be allowed as credit https://www.taxtmi.com/acts?id=23340 Agents may claim input tax credit on capital goods belonging to the principal and lying with the agent on the appointed day, subject to conditions: agent registration, mutual declaration of stock in prescribed form/time, invoices issued within twelve months immediately preceding the appointed day, and the principal having not availed or having reversed any input tax credit to the extent availed. en-us Mon, 28 Nov 2016 12:39:21 +0530 Tue, 29 Nov 2016 14:50:58 +0530 TaxTMI RSS Generator Tax paid on capital goods lying with agents to be allowed as credit https://www.taxtmi.com/acts?id=23340 Agents may claim input tax credit on capital goods belonging to the principal and lying with the agent on the appointed day, subject to conditions: agent registration, mutual declaration of stock in prescribed form/time, invoices issued within twelve months immediately preceding the appointed day, and the principal having not availed or having reversed any input tax credit to the extent availed. Act-Rules Bill Mon, 28 Nov 2016 12:39:21 +0530 https://www.taxtmi.com/acts?id=23340