ICICI

balance available of ITC on capital Goods


Ravindra Bagal   14 August 2019

Ravindra Bagal

 8 points

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sir, we have a input tax credit balance available on capital goods lying in our books. can we claim refund on gst refund on balance itc.

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Pavan Kulkarni   14 August 2019

Pavan Kulkarni

 2 likes  38 points

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You can't claim refund of GST paid on capital goods ,However you can claim unadjusted excess ITC paid on inputs and service on zero rated sales
adjust capital goods ITC against sales.

praveen (intermediate)     14 August 2019

praveen
intermediate 
 13 likes  233 points

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nop can't claim refund but u can adjust it with ur output gst liability

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subhagan sreerangam   14 August 2019

subhagan sreerangam

 193 likes  6468 points

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No refund of GST paid on Capital Goods,but you can claim it unadjusted excess ITC paid on inputs & service on zero rated sales adjust capital goods ITC against sales.


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