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Taxation

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(Querist)
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.
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B Vinay Reddy

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B Vinay Reddy (Expert)
16 June 2018 Yes, it should claimed on monthly basis at the time of filing return for the period of 5yeara
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vinay Kumar

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vinay Kumar (Querist)
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.
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RAJA P M

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RAJA P M (Expert)
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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