Capital goods credit

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..... Sir, An assessee has taken Capital 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 . - .....

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..... Reply By KASTURI SETHI - The Reply = Restriction 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 .....

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..... year you could take 100%. Case laws can be 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 take .....

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..... n in the year of purchase, then in the next month 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. - .....

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..... Capital goods credit - Query Started By: - manish kumar Dated:- 18-12-2018 Central Excise - Got 3 Replies - Central Excise - Discussion Forum - Knowledge Sharing, reply post by an expert, personal o .....

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..... pinion Tax Management India - taxmanagementindia - taxmanagement - taxmanagementindia.com - TMI - TaxTMI - TMITax .....

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