Question ID :
39294
Input Tax Credit on Capital Goods
In case of registered dealer, dealing in taxable goods only, is ITC on capital goods to be availed in 60 instalments or full ITC can be availed in one go ?
Posted by
Rikta Karia
on
Jul 16, 2019
Filed Under
GST
Hope you are using the capital goods for business purpose normally and you are dealing in taxable goods only, therefore, full amount of ITC can be claimed at a time. if used partly for business of taxable supplies, only proportionate amount will be available. if used for none of the above cases, ie.. for personal or for exempted supplies, nothing will be available.
Posted by
CA PRADEEP C B on
Jul 17, 2019