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ITC claim of capital goods

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This query is : Resolved

tony (Querist)

15 January 2026 Dear Sir,
ITC paid on purchase of carrier vehicle (dumper) would be claimed in 60 equal installments or it would be claimed without any limit restriction in any month ?
Please clarify ?

Dhirajlal Rambhia

Dhirajlal Rambhia (Expert)

16 January 2026 There is no legal provision in the GST Act requiring ITC on capital goods like dumpers to be claimed over 60 installments. You can claim the entire amount in the month the purchase is made and the invoice is reflected in your GSTR-2B.
Conditions for Full Claim:
Reflected in GSTR-2B: As of 2026, you can only claim ITC if the supplier has uploaded the invoice and it appears in your GSTR-2B statement.
No Double Benefit: You cannot claim ITC if you have already claimed depreciation on the tax component of the vehicle under the Income Tax Act.
Business Use: The vehicle must be used for the furtherance of business.

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