balance available of ITC on capital Goods



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.
 
Reply   
 

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.
 
Reply   
 
intermediate

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

GST Certification Course



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.
 
Reply   
 

LEAVE A REPLY

Your are not logged in . Please login to post replies

Click here to Login / Register  

 


×

  CCI MENU