Itc on capital goods
This query is : Resolved
10 July 2019
my company registered as a regular dealer and concerned with the manufacturing of ayurvedic medicines.i have purchased an automatic pill 'packing machine of Rs.436600 from a regular dealer. Here ITC value is about 66600.in this context, can claim the input tax credit on the GST paid on purchases or not.
10 July 2019
Yes, claim ITC over a period of 60 months.
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