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capital Goods and ITC
what is the manner of availing on Capital goods.we using capital goods for non taxable supply. sir if I use theses capital good as taxable supply what is tax implications?
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ITC of capital goods https://www.caclubindia.com/forum/details.asp?mod_id=483636
Already answered please refer
Already answered please refer
| Originally posted by : Anshuman Basu | ||
 |
what is the manner of availing on Capital goods.we using capital goods for non taxable supply. sir if I use theses capital good as taxable supply what is tax implications? |  |
If Your supplies are Taxable then You can avail the ITC benifits in the Purchased months...
If Your supplies are exempted then ITC not available and full Invoice amount taken into Fixed Asset...
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