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Taxation

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16 June 2018 What is the treatment of Capital Goods under GST? Whether ITC of 100% can be availed or it should be write off for 5 years.Kindly suggest the treatment of ITC on Capital goods.

16 June 2018 Yes, it should claimed on monthly basis at the time of filing return for the period of 5yeara

16 June 2018 Dear Sir,
As you said but in GSTR 2A ITC on capital goods will show at 100%.But we are claiming only 5%.It does not match.And how much value to be credited to Electronic Credit Ledger.Could you please explain with an example.




16 June 2018 You can take ITC in single take at the time of purchase of Capital Goods if It's used Taxable Supplies



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