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Input Credit

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(Querist)
20 January 2020 Hi

Assesee buying a machinery for 50 lakhs on EMI basis. GST charged on the invlice is fully paid. Can the Assesee take the Input credit fully now itself

Please guide
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CA R SEETHARAMAN

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CA R SEETHARAMAN (Expert)
21 January 2020 No, input credit on capital asset has to be taken over a period of 60 months.

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