Question 1 - Will CENVAT credit (or VAT credit) carried forward in the last return prior to GST under existing law be available as ITC under GST? - FAQ on GST (2nd Edition) dated 31.3.2017

24. Transitional Provisions Q 1. Will CENVAT credit (or VAT credit) carried forward in the last return prior to GST under existing law be available as ITC under GST? Ans. A registered person, other than a person opting to pay tax under composition scheme, shall be entitled to take credit in his electronic credit ledger the amount of CENVAT (or VAT credit) credit carried forward in the return of the last period before the appointed day, subject to the conditions stated therein. (Section 140(1) of the CGST/SGST Act)