input tax credit on capital goods
This query is : Open
Pravin Purohit
(Querist)
15 August 2017
Input tax credit rules for capital goods purchased and used exclusively for business only
Can i avail 100% ITC in the first year itself??
CA Rashmi Gandhi
(Expert)
15 August 2017
Yes you can claim full ITC in year of purchase itself.
Pravin Purohit
(Querist)
15 August 2017
And what will be the ITC if the capital goods are used partly for business and partly for non business purpose?
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