Gst input of capital goods
This query is : Resolved
17 August 2018
I have avail full credit of Capital Goods at the time of purchase of assets and my business also engaged in 100 % taxable supply
Is any condition to avail gst input of capital goods 5 Years.
Is any condition to avail gst input of capital goods 5 Years.
19 August 2018
The distinction of inputs/capital goods which was there in earlier Central Excise/Service Tax regime is not there in GST law. You are eligible to take 100% credit immediately even on capital goods, if such goods are eligible for credit.
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