Itc of capital goods
This query is : Resolved
AMITKUMAR KHOT
(Querist)
22 September 2018
We are purchasing new textile machinery @18% GST and our manufactured product is taxable @ 5% GST.
Can we claim Input Tax Credit & can we claim refund of this ITC?
Please reply
Thank you
Can we claim Input Tax Credit & can we claim refund of this ITC?
Please reply
Thank you
CA R SEETHARAMAN
(Expert)
23 September 2018
Claim ITC over a period of 60 months.
AMITKUMAR KHOT
(Querist)
23 September 2018
@Raja P M Sir, @CA R Seetharaman Sir, Thank you sir for your valuable reply
@CA R Seetharaman Sir, why 60 months only
@CA R Seetharaman Sir, why 60 months only
CA R SEETHARAMAN
(Expert)
23 September 2018
Normally 60 months allowed.
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