Capital good input

228 views
User Avatar

231 Points Posted on 16 January 2023
Can we claim the input on capital goods after voluntary registration ?
0 Reply Share Follow
On 16 January 2023 at 12:02 Report
Replies (2)
Quick Summary
This discussion clarifies whether input tax credit on capital goods can be claimed following voluntary GST registration. It highlights that Section 17(5) of the GST Act often designates credit for capital goods, particularly those related to transport and carriage, as blocked credit, meaning it cannot be claimed.

User Avatar

Employee Private
1913 Points Posted on 16 January 2023

Please go through Section 17(5) of GST Act.

Reply
On 16 January 2023 at 12:28
User Avatar

Profession
28261 Points Posted on 16 January 2023
Sec 17(5) applies in case of capital goods like transport and carriage. So it's a blocked credit.
Reply
On 16 January 2023 at 12:41

Leave a Reply

Post Reply

Your are not logged in . Please login to post replies

Click here to Login / Register  

Recent Topics :

  1. Outstanding Demand in Income Tax: How To Respond?
  2. LTCG on property sale
  3. Capital gains incidence due to bonus shares
  4. Amendment of Object Clause of Memorandum
  5. How Can I Request a Refund for an Accidental Airte
  6. TDS on salary paid in cash
  7. YEAR END GST ENTRY FOR RCM NOT PAID RS 5000 I.E OU
  8. Last Date To Fill ITR For Non-Audit Case
  9. Guidance Required on Filing Fresh Registration und
  10. IT Return Refund Status AY 2026-27

More recent discussions | Post

Related Topics :

Loading