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ITC on capital goods

This query is : Resolved 
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(Querist)
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
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Akash Monwani

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Akash Monwani (Expert)
26 January 2020 U can avail Full ITC at the time of Purchase of Capital Goods.
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CA. Rahul Dwivedi

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CA. Rahul Dwivedi (Querist)
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.
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Akash Monwani

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Akash Monwani (Expert)
27 January 2020 Please Refer Section 16 of CGST Act
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