Textile industry credit of input

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Bhupesh Duggar (Querist)
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05 June 2017 if i purchased a machinery (Capital Goods) in the month of june then may i eligible for taking input credit of excise and Vat in the july month return under GST regime.

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Guest (Expert)

05 June 2017 See this video to get answer to your query.

https://youtu.be/aoFQVMB4XXU

Aashok Kumar Sharma

Aashok Kumar Sharma (Expert)
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02 August 2025 Under the GST regime, here’s how input tax credit (ITC) on capital goods like machinery works:

* **Eligibility to Claim ITC:**
You can claim input tax credit on the GST paid for capital goods (machinery) **only when** you have received the goods **and** the tax invoice. The ITC can be claimed in the return for the tax period in which the invoice is recorded in your books and uploaded by your supplier.

* **Timing of Claim:**
If you purchased machinery in June and received the invoice in June, you can claim the ITC in the **July return**—provided the supplier has uploaded the invoice on GST portal and it appears in your electronic credit ledger.

* **Important Points:**

* The ITC claim must be made within the prescribed time limit (generally before filing the return for the month of September following the end of the financial year or the date of filing annual return, whichever is earlier).
* Make sure you have a valid tax invoice and the supplier has filed their GST returns reflecting your purchase.

**So yes, you can take the input credit of excise (now subsumed under GST) and VAT (also subsumed) in the return filed in July for a machinery purchase made in June, subject to invoice and compliance.**

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