Input tax credit on capital goods under gst regime
This query is : Resolved
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
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
21 September 2017
In one go. No installment system under GST Regime.
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.
22 September 2017
Dear All,
Thank you very much.
Regards
Shoeb
Thank you very much.
Regards
Shoeb
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