Save Rs 499 on a 2-Year Ad-Free CAclubindia Pro Membership. Subscribe Now!

banner_ad

Input tax credit on capital goods

This query is : Open

Share Report Follow Query Ask a Query

P.SHANGAR (Querist)
Follow

24 June 2017 KIND ATTN. SIR

THE ASSESSEE BEING A GARMENT MANUFACTURER YET TO BE REGISTERED UNDER TNVAT ACT , SINCE IN THE GST TRANSITION PERIOD, PURCHASED SEWING MACHINES DURING JUNE,2017 ( CAPITAL GOODS) WITH VAT INPUT TAX@5%, WITHOUT TIN .
KINDLY CLARIFY WHETHER INPUT TAX ON CAPITAL GOODS ON MACHINERY PURCHASED CAN BE CARRIED FORWARDED TO GST AS INPUT TAX CREDIT.
WITH REGARDS
CA.P.SHANGAR FCA

CA Rashmi Gandhi

CA Rashmi Gandhi (Expert)
Follow

24 June 2017 Yes same will be available.

Dibin Divyakumar

Dibin Divyakumar (Expert)
Follow

24 June 2017 As you are an unregistered during the purchase of capital Asset, you can't carry forward the credit to GST

CA Rashmi Gandhi

CA Rashmi Gandhi (Expert)
Follow

24 June 2017 Even you are unregistered you will get credit in GST.

Message likes : 1 times

You need to be the querist or approved CAclub expert to take part in this query .
Click here to login now

CCI Pro

Join CAclubindia WhatsApp Finance Community & stay updated with the latest TAX news, compliance alerts and important updates all in one place!

Similar Resolved Queries

Unanswered Queries

Popular
Recent

Trending Online Classes

Direct Tax Laws & International Taxation May 26,Sept 26 & Jan 27

CA Arvind Tuli

Enroll Now
Audit Fast Track Recorded Batch For May 26,Sept 26 & Jan 27

CA Aarti Lahoti

Enroll Now
DT & Audit (Exam Oriented Fastrack Batch) - For May 26 Exams and onwards Full English

CA Bhanwar Borana & CA Shubham Keswani

Enroll Now

view all classess

CCI Pro

Meet our CAclubindia PRO Members

Pro Member arun luharuka

arun luharuka

Pro Member Venkateshwaran Ekambaram

Venkateshwaran Ekambaram

Pro Member J.Vijai

J.Vijai

Pro Member Vishnu Agarwal

Vishnu Agarwal

Pro Member atul kumar soni

atul kumar soni

Follow us

add to google news

Answer Query

Quick Links

Browse by Category

Latest Job Openings

View all

29 May 2026

Company Secretary - Part time

Shaswat initial support private limited

Ahmedabad

CS

View Details

14 May 2026

Senior Associate

ABHISHEK SHANKAR AGARWAL & ASSOCIATES

Kolkata

CA

View Details

Featured 28 May 2026

SEMI QUALIFIED/ CA DROPOUTS/ ARTICLES

T R SOOD & CO

New Delhi

CA Inter

View Details

ARTICLESHIP 17 May 2026

CA Article /Trainee

Malik Sunil & co

New Delhi

CA Foundation

View Details

09 June 2026

Accounts Associate

S Madan and CO

New Delhi

Graduate (Any)

View Details

ARTICLESHIP 31 May 2026

Article Assistant

KPRS And Associates

New Delhi

CA Inter

View Details

Featured 26 May 2026

Account Executive

SMJ global advisors pvt ltd

New Delhi

B.Com

View Details

ARTICLESHIP 04 June 2026

Article

Rakhecha & Co.

New Delhi

CA Inter

View Details