ITC IN CAPITAL GOODS
This query is : Resolved
GANESH DUTT JOSHI
(Querist)
15 July 2017
can I take ITC purchase on capital goods
Rahul varshney
(Expert)
15 July 2017
Yes, in terms of section 2(54), 2(55) & 2(20) of the MGL respectively. It may be noted that credit of tax paid on capital goods also is permitted to be availed in one instalment.
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