Input credit under gst law capital goods
This query is : Resolved
09 October 2017
Dear Experts
Kindly advise what is rule for Input Tax Credit under GST law for Capital goods.
Kindly advise what is rule for Input Tax Credit under GST law for Capital goods.
09 October 2017
You can take full credit on capital goods in which month it is received.
10 October 2017
Full credit on the capital goods can be taken but kindly ensure that the GST is not added to the cost of capital goods. You cannot claim input tax credit and depreciation at the same time.
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