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Input tax credit of capital goods

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(Querist)
11 July 2018 Retailer of a mobile purchased refrigerator for his shop. It will be used in shop only not for personal use. Can he avail itc on refrigerator?
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KAVIRAJA ADDANGADI

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KAVIRAJA ADDANGADI (Expert)
11 July 2018 The definition of “capital goods” under Section 2 (19) of CGST Act means goods, the value of which is capitalized in the books of account of the person claiming the input tax credit and which are used or intended to be used in the course or furtherance of business. Input Tax Credit (ITC) plays the significant role in calculating and claiming the taxes under the ambit of Goods and Services Tax (GST).
So you are not able to claim ITC there is no intend to use furtherance of business.
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