Capital goods input
TARUN DAS (170 Points)
14 August 2019
how can capital goods input amount and much because it is 5 year taking period shown in gstr 3b
6 Replies
Pankaj Rawat
(GST Practitioner)
(55057 Points)
Replied 14 August 2019
No.... you can claim full credit in one shot . ,means can avail whole credit in same month
Pankaj Rawat
(GST Practitioner)
(55057 Points)
Replied 14 August 2019
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
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
Mohanraj J
(1217 Points)
Replied 14 August 2019
Yes, you can claim the same while next month Returns
subhagan sreerangam
(7059 Points)
Replied 14 August 2019
Whole ITC Credit can utilise in same month through GSTR3B.
Mondira Saha
(GST)
(3925 Points)
Replied 16 August 2019
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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