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Can GST be claimed on capital goods?

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187 Points Posted on 18 December 2023
My GST is taken on work contract, transport service and trading. I bought a scorpio on november 23rd. His GST input is visible on the portal, will his ITC claim be taken?
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On 18 December 2023 at 14:53 Report
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"Do the Right Thing...!!!"
128152 Points Posted on 18 December 2023
As per my view,

This ITC can't be claim. It's ineligible ITC.
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On 18 December 2023 at 15:14
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187 Points Posted on 18 December 2023
In which column to reverse GST inputs
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On 18 December 2023 at 15:54
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"Do the Right Thing...!!!"
128152 Points Posted on 18 December 2023
It's Better to consult with Your Auditor.


Please go through the following link. You can get some clarity about the ITC reversal...


https://cleartax.in/s/itc-reversal-gst
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On 18 December 2023 at 16:09
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Profession Business
28207 Points Posted on 19 December 2023
Gst can be claimed on capital goods depending on whether it is used for the the furtherance of business.
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On 19 December 2023 at 08:00
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TAX CONSULTANT
173 Points Posted on 22 December 2023
As per my opinion, if you have purchase vehicle for transport business then you taken ITC because of used for furtherance of business.. but it is used for personal purpose then you can't taken ITC. you have to booked in your aseest and get depreciation as well..
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On 22 December 2023 at 14:21


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