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DIFFRENCE OF CAPITAL GOODS AND FIXED ASSESTS

This query is : Resolved 

25 November 2019 DEAR SIR
PLS ADVISE ME THAT CAPITAL GOODS AND FIXED ASSESTS DIFFRNCE WITH EXAMPLE AND CAN I FIXED ASSETES GST CLAIM TO GST DETAPRTMENT OR NOT PLS DEFINE OF THIS REASON ON MY MAIL.
aj38212@gmail.com

25 November 2019 Your query is not clear

26 November 2019 capital goods means goods, the value of which is capitalised in the books of accounts of the person claiming the credit and which are used or intended to be used in the course or furtherance of business

input” means any goods other than capital goods used or intended to be used by a supplier in the course or furtherance of business.
ITC on purchase of Capital Goods is admissible


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