https://www.taxtmi.com/article/detailed?id=7163 Closing admissible CENVAT balances shown in the last return under earlier indirect tax laws shall convert into opening input tax credit in the electronic credit ledger under GST, provided such credits are admissible under both regimes and were reflected in the return immediately preceding the appointed day. Un availed capital goods credit may be taken into the ledger if admissible; inputs held in stock, goods in transit, and supplies switching from composition are subject to specified documentary and timing conditions for credit recognition and utilisation. en-us Thu, 29 Dec 2016 06:44:55 +0530 Thu, 29 Dec 2016 06:44:55 +0530 TaxTMI RSS Generator https://www.taxtmi.com/article/detailed?id=7163 Closing admissible CENVAT balances shown in the last return under earlier indirect tax laws shall convert into opening input tax credit in the electronic credit ledger under GST, provided such credits are admissible under both regimes and were reflected in the return immediately preceding the appointed day. Un availed capital goods credit may be taken into the ledger if admissible; inputs held in stock, goods in transit, and supplies switching from composition are subject to specified documentary and timing conditions for credit recognition and utilisation. Articles Goods and Services Tax - GST Thu, 29 Dec 2016 06:44:55 +0530 https://www.taxtmi.com/article/detailed?id=7163