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Input tax credit on capital goods under gst regime

This query is : Resolved 
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(Querist)
21 September 2017 Dear All,

I would like to know what is the rule for claiming ITC on Capital Goods. Will the total amount of ITC on capital goods be claimed in one go or in installments?

Regards

Shoeb
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CMA. CS. Sanjay Gupta

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CMA. CS. Sanjay Gupta (Expert)
21 September 2017 In one go. No installment system under GST Regime.
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Chhatra Singh Dugar

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Chhatra Singh Dugar (Expert)
21 September 2017 But keep in mind that if you claim GST on capital goods you will not be allowed depreciation on GST amount in Income Tax.
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RAJA P M

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RAJA P M (Expert)
22 September 2017 Yes.. I agreed to Mr Chhatra Singh Dugar....
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shoeb parwaiz

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shoeb parwaiz (Querist)
22 September 2017 Dear All,

Thank you very much.

Regards

Shoeb
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RAJA P M

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RAJA P M (Expert)
22 September 2017 You are welcome Mr Shoeb
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