Itc on capital goods

This query is : Open

Rajkumar Gutti (Querist)
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28 September 2017 Sir,

We are GST registered person & purchase one No.of Air conditioner machine
for Godown use. Supplier is also GST registered person. Supplier charged GST
in his A.C.machine invoice.

The said A.C.Machine we are capitalized as a fixed asset. In this situation can
we can take Input credit of A.C.Machine. Please Guide us with section,rules etc.

Thanking You,

Rajkumar Gutti

RAJA P M

RAJA P M (Expert)
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28 September 2017 Yes... It's nature of uses for business as you said. So, you can take ITC for the purchase of AC... Also you can book it as your fixed asset and you can claim depreciation for the basic value (except GST value)

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