1. The definition of capital goods has been simplified under the revised GST law compared to the previous law, defining it as goods whose value is capitalized in the books of accounts and used in the course of business. 2. Registered taxpayers can claim input tax credit on unavailed cenvat or VAT credit on capital goods not previously claimed, subject to certain conditions. 3. Input tax credit cannot be claimed for tax component on capital goods if depreciation has already been claimed on the tax portion under the Income Tax Act.