Refund of itc on capital goods
This query is : Resolved
24 May 2019
Dear Experts,
We are the manufacturer of Footwear and our all sales are of 5% GST. And we purchase goods at
different rates of GST i.e. 5%, 12% & 18%. So we are taking the refund of this difference.
Sir, my query is that we have purchased some capital goods like Machinery & Tempo for Goods transporting.
Can we take the Refund of ITC on the above capital goods?
Please guide us on how to treat this ITC in GST Return.
Refund or utilized against the output Supply.
Thanks,
Rakesh Sharma
We are the manufacturer of Footwear and our all sales are of 5% GST. And we purchase goods at
different rates of GST i.e. 5%, 12% & 18%. So we are taking the refund of this difference.
Sir, my query is that we have purchased some capital goods like Machinery & Tempo for Goods transporting.
Can we take the Refund of ITC on the above capital goods?
Please guide us on how to treat this ITC in GST Return.
Refund or utilized against the output Supply.
Thanks,
Rakesh Sharma
24 May 2019
ITC refund on capital goods not available as of now
You need to be the querist or approved CAclub expert to take part in this query .
Click here to login now
Click here to login now
Similar Resolved Queries
Unanswered Queries
- Exiting partner in partnership firm in gst portal
- CLOSING STOCK QUERY
- Technical Glitch in ITR-4 Online Form (AY 2026-27): Sec 44AE Partner Remuneration not mapping to E8
- Error in uploading Form 10BD
- Query regarding Item 61/62/63 vs Item 64 in ITR-3
- Gst on travel by air for business purposes
- TDS _Long term Capital Gain ref.sec 214 Table 2
- Traces submitting correction statement error
- Banking Related Issue
- Residential status of non resident
- Mistake in e-invoice identified after 24 hours
- Short Term Gain Reporting ITR
- EXPORT PAYMENT
- NRI ITR2 account in 2025-26.
- Query regarding reporting of exempt foreign remuneration in ITR (AY 2026-27)
- ITR 44AD SECTION
- FEMA/RBI treatment — Amazon.ca arbitrage (US buy, Canada sell, goods never enter India)
- Goods return by customer
- Query regarding reporting of exempt foreign remuneration in ITR
- INWARD REMITTANCE FOREIGN
Trending Online Classes
-
DT & Audit (Exam Oriented Fastrack Batch) - For May 26 Exams and onwards Full English
CA Bhanwar Borana & CA Shubham Keswani
Subscribe to Pro
Join an elite circle of professionals
CAclubindia
