https://www.taxtmi.com/forum/issue?id=111685 CENVAT credit on imported gym equipment hinges on whether the equipment is an input or a capital good: goods used for providing output services are inputs unless they qualify as capital goods. If the equipment does not meet the restrictive definition of capital goods under the CENVAT Credit Rules and is not capitalised in the books, credit may be availed. Classification under applicable tariff rules and compliance with turnover-related conditions must also be satisfied; under GST, capital goods are identified by capitalisation in accounts. en-us Thu, 23 Mar 2017 17:27:16 +0530 Thu, 23 Jan 2025 15:55:58 +0530 TaxTMI RSS Generator https://www.taxtmi.com/forum/issue?id=111685 CENVAT credit on imported gym equipment hinges on whether the equipment is an input or a capital good: goods used for providing output services are inputs unless they qualify as capital goods. If the equipment does not meet the restrictive definition of capital goods under the CENVAT Credit Rules and is not capitalised in the books, credit may be availed. Classification under applicable tariff rules and compliance with turnover-related conditions must also be satisfied; under GST, capital goods are identified by capitalisation in accounts. Discussion-Forum Service Tax Thu, 23 Mar 2017 17:27:16 +0530 https://www.taxtmi.com/forum/issue?id=111685