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ITC on Fixed assets

This query is : Resolved 
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(Querist)
29 July 2017 Dear sir, we have purchased inverter in a firm under inter state purchase. what will be the journal entry in firm books. and what about input credit on it under GST
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RAJA P M

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RAJA P M (Expert)
29 July 2017 You can't get ITC. Bcoz., Its just Fixed Asset not in Capital Goods...

Entry to...
Dr. Inverter (Under Fixed Assets) - Rs. XXXXX
Dr. IGST (under duties & Taxes) - Rs. XXX
Cr. Sundry Creditors - Rs. XXXXX
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