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Gst on Capital Goods.

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(Querist)
07 November 2017 Can anyone clarify briefly on Gst on Capital Goods?
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Udaya Chandran

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Udaya Chandran (Expert)
08 November 2017 ITC on capital goods fully available in the month when it is purchased.
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dikshant

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dikshant (Querist)
08 November 2017 can we claim depreciation also.. ??
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Udaya Chandran

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Udaya Chandran (Expert)
08 November 2017 You can't claim depreciation on the GST amount if you capitalise GST. You can claim depreciation on the value excluding GST and take input of GST.
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dikshant

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dikshant (Querist)
08 November 2017 okay. thanks
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