Carry Forward of unutlized ITC on Capital Goods under GST

By | June 19, 2017
(Last Updated On: June 19, 2017)

Carry Forward of unutlized ITC on Capital Goods under GST

As per Section 140 of CGST Act and Rule 1(2) of Final GST Transition Rules approved by GST Council on 03.06.2017

  • Un-Utilized Cenvat Credit on Capital Goods can be Utilized as ITC Under GST.
  • Already Utilized portion of Cenvat Credit shall be Specified in the Form GST TRAN-1

 

 

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