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Itc reversal rule 42 & 43

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(Querist)
22 May 2018 Dear Sir,
I supply totally exempted goods. I have purchase capital goods. In this case i have to revise ITC.
Sir, 1st I will take ITC in table 4(A)(5) OF GSTR3B then revise 4(B)(1) Of GSTR3B in same month.
Please reply as early as possible
thanking you
bikash rai
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CA Kartik Pandya

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CA Kartik Pandya (Expert)
23 May 2018 no need to do like this . . . better to capitalised the ITC amount . . .
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Udaya Chandran

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Udaya Chandran (Expert)
23 May 2018 ITC on inputs used exclusively for supply of exempted goods cannot be credited to ITC Credit Ledger as per section 42
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CA Kartik Pandya

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CA Kartik Pandya (Expert)
23 May 2018 what i mean to say is dont avail the itc and capitalised the same amount of ITC in fixed assets only . . .
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