ITC on Capital
This query is : Resolved
21 October 2017
I filed 'nil' GST 3b on July.
But later I got purchase bill which is used for capital purpose and took that on GSTR2.
* our output tax is 5%
* Input on capital goods is 28%
By filing GSTR 2 how much I can claim input tax on capital goods???
21 October 2017
You can claim full ITC for capital goods*....
What is the exact item you purchased...?
21 October 2017
actual business is crusher
item we purchased is JCB machine
21 October 2017
Yes...
You can if it's your business purpose...
>>> GOOD LUCK <<<
21 October 2017
Claim ITC monthly for 60 months
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