ITC on Capital
This query is : Resolved
Venkatesh K N
(Querist)
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...?
Venkatesh K N
(Querist)
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 <<<
CA R SEETHARAMAN
(Expert)
21 October 2017
Claim ITC monthly for 60 months
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