TaxTMI 
TaxTMI 
Capital goods credit
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....apital goods credit<br> Query (Issue) Started By: - manish kumar Dated:- 18-12-2018 Last Reply Date:- 19-12-2018 Central Excise<br>Got 3 Replies<br>Central Excise<br>Sir, An assessee has taken Capita....
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....l goods credit after one year. Can we allow 100% credit or allow 50% credit or disallow all capital goods credit. Please suggest me with proper authorities . Reply By KASTURI SETHI: The Reply: Restr....
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....iction of availing credit within one year was for inputs and input services and not for Capital Goods. If you could not take 50 % in first year, in the next year you could take 100%. Case laws can be ....
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....traced out. We are talking of pre-GST era. Reply By Ganeshan Kalyani: The Reply: I am also of the view, that in case of capital goods credit not taken in the year of purchase, then in the next mont....
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....h 100% credit can be taken. Reply By DR.MARIAPPAN GOVINDARAJAN: The Reply: You can take 100% credit if you did not take 50% in the first year.<br> Discussion Forum - Knowledge Sharing ....