https://www.taxtmi.com/forum/issue?id=114408 Capital goods credit is distinct from inputs and input services: the one year restriction referred to the latter, not capital goods. Respondents state that if the assessee did not claim the prescribed portion in the first year, the entire or outstanding capital goods credit may be claimed in a subsequent period, permitting full recovery of the credit after the initial year; these observations reflect pre GST practice and practitioner commentary rather than cited authorities. en-us Tue, 18 Dec 2018 13:31:01 +0530 Thu, 23 Jan 2025 15:55:14 +0530 TaxTMI RSS Generator https://www.taxtmi.com/forum/issue?id=114408 Capital goods credit is distinct from inputs and input services: the one year restriction referred to the latter, not capital goods. Respondents state that if the assessee did not claim the prescribed portion in the first year, the entire or outstanding capital goods credit may be claimed in a subsequent period, permitting full recovery of the credit after the initial year; these observations reflect pre GST practice and practitioner commentary rather than cited authorities. Discussion-Forum Central Excise Tue, 18 Dec 2018 13:31:01 +0530 https://www.taxtmi.com/forum/issue?id=114408