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service tax on capital goods

This query is : Resolved 
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(Querist)
10 May 2011 Whether credit of service tax paid on capital goods will be allowed 100% in the same year or it will be bifurcated as 50% in 2 years ?
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Madhukar N Hiregange

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Madhukar N Hiregange (Expert)
10 May 2011 50% in the year of receipt and 50% in subsequent year/s.
For an SSI 100% credit is available in the year of receipt.
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CA Ravi Sisodia

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CA Ravi Sisodia (Expert)
10 May 2011 in the case of capital goods - 50% in the year of receipt of capital goods and 50% in secound or subsequent year.
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