ITC on capital goods
This query is : Resolved
26 January 2020
Dear sir,
Can we avail ITC on capital goods immediately after purchase or we have to avail it in 60 months. Kindly Advice
Can we avail ITC on capital goods immediately after purchase or we have to avail it in 60 months. Kindly Advice
26 January 2020
U can avail Full ITC at the time of Purchase of Capital Goods.
27 January 2020
Thanks Akash,
Can you please share the relevant section/notification..??
As our GST auditor is of the view that we can avail ITC on capital goods on proportionate basis in 60 months not at the time of purchase.
Can you please share the relevant section/notification..??
As our GST auditor is of the view that we can avail ITC on capital goods on proportionate basis in 60 months not at the time of purchase.
27 January 2020
Please Refer Section 16 of CGST Act
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