https://www.taxtmi.com/article/detailed?id=9818 Section 140(2) allows a registered person to take credit of unavailed CENVAT credit in respect of capital goods not carried forward under the existing law, provided that the credit was admissible under the Excise Act and is admissible under the CGST Act. The right to CENVAT credit accrues on invoice issuance and duty payment but is availed on receipt of goods in the factory; where accrual occurred before repeal and receipt occurred after the appointed date, section 174 preserves the accrued right, permitting transition of the unavailed entitlement subject to Rule 4's financial year claim mechanics. en-us Thu, 03 Jun 2021 11:10:10 +0530 Thu, 03 Jun 2021 11:10:10 +0530 TaxTMI RSS Generator https://www.taxtmi.com/article/detailed?id=9818 Section 140(2) allows a registered person to take credit of unavailed CENVAT credit in respect of capital goods not carried forward under the existing law, provided that the credit was admissible under the Excise Act and is admissible under the CGST Act. The right to CENVAT credit accrues on invoice issuance and duty payment but is availed on receipt of goods in the factory; where accrual occurred before repeal and receipt occurred after the appointed date, section 174 preserves the accrued right, permitting transition of the unavailed entitlement subject to Rule 4's financial year claim mechanics. Articles Goods and Services Tax - GST Thu, 03 Jun 2021 11:10:10 +0530 https://www.taxtmi.com/article/detailed?id=9818