VAT credit was not available on items 'X' & 'Y' as capital goods in the earlier law. Since they are covered in GST, can the registered taxable person claim it now?
Question 3
Bill
Transitional Provisions
FAQ on GST dated 21.9.2016 based on Draft Model GST
Q 3. VAT credit was not available on items 'X' & 'Y' as capital goods in the earlier law. Since they are covered in GST, can the registered taxable person claim it now?
\nAns. He shall be entitled to credit only <\/p>\n
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