Capital goods credit

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..... Capital goods credit
Query (Issue) Started By: - manish kumar Dated:- 18-12-2018 Last Reply Date:- 19-12-2018 Central Excise
Got 3 Replies
Central Excise
Sir, An assessee has taken Capit .....

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..... al 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: Rest .....

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..... riction 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 mon .....

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..... th 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.
Discussion Forum - Knowledge Sharing .....

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