18 March 2024
Respected Experts, I have a confusion about ITC on CAPITAL GOODS. One of my client (newly registered under GST) purchased of New CNC machine. They make only taxable supplies & Services (like Job work) with chargeable 12% GST. I will take that full ITC in the same month. But, Having confusion with this
In this scenario can we claim fully ITC of that purchased capital goods...? or Here we calculate and take ITC proportionately...?
Please clarify my confusion with suitable details.
19 March 2024
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