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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.
Replies (3)
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.
adjust capital goods ITC against sales.
nop can't claim refund but u can adjust it with ur output gst liability
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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