ITC on Capital Goods
This query is : Open
Nadim Petiwala
(Querist)
08 October 2017
Dear Sir/Madam,
Our company has purchased 2 ACs in Aug 2017. My question is that how to take ITC on Capital Goods. Can we take full ITC in Aug 2017?
Thanks & Regards,
CA Rashmi Gandhi
(Expert)
08 October 2017
You can take full ITC if such ACs are used for furtherance of business....
Udaya Chandran
(Expert)
09 October 2017
Yes, you can take full credit in the month of receipt of the capital goods, it is used for business purpose.
Nadim Petiwala
(Querist)
09 October 2017
Thanks a lot CA Rashmi & Udaya for your response
Message likes :
2 times
CA Rashmi Gandhi
(Expert)
09 October 2017
Welcome.......
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