Can the Cenvat Credit be availed on capital goods also?
Yes. Cenvat Credit can be availed on capital goods also. But the credit should be taken in installments. 50% of the credit in the Financial year in which the goods are received and the remaining 50% in the next financial year or subsequent years. For Capital goods received in March, 50% credit can be taken in March and the balance 50% can be taken in April as they fall under two financial years.
