Treatment of Input Tax on Fixed Assets

Q: What is the treatment of input tax paid on fixed assest?
Ans: All the amount of the input tax paid on fixed assets used or to be used in making a taxable supply is claimed fully in the same month. Also, the restriction on input tax upto 90% of the outtax is not applicable on the input tax on fixed assets. (Previously input tax on fixed assets was allowed credit from output tax in 12 equal instalments over a period of 12 months).