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Capital goods input

ITC / Input 289 views 6 replies
how can capital goods input amount and much because it is 5 year taking period shown in gstr 3b
Replies (6)
No.... you can claim full credit in one shot . ,means can avail whole credit in same month
plz clarify
What clarification you need.....
suppose you purchase machinery on 1/7/2019 for 1.18 lac & GST on same is 18000/-. can avail ITC of RS.18000/- in GSTR,3b for July2019
Yes, you can claim the same while next month Returns
Whole ITC Credit can utilise in same month through GSTR3B.
condition attach there you can claim ITC but after claiming ITC when you capitalized that item and at the time of depriciation you have to take amount without gst .. you cant claim depriciation on gst amount


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