banner_ad

Capital Goods ITC on huge amount

ITC / Input 364 views 5 replies
User Avatar

7 Points Posted on 20 October 2019
I my case worth Rs. 1 cr capital machinery are purchased. IGST Rs. 18 lack
Can I take full ITC at once
Reply Share Follow
On 20 October 2019 at 08:46 Report
Replies (5)
User Avatar

69 Points Posted on 20 October 2019
Yes in GST u Claim 100%
Reply
On 20 October 2019 at 11:02
User Avatar

GST Practitioner
55067 Points Posted on 20 October 2019
Yes ... you can claim full 18 lac credit at one shot
301 Reply
On 20 October 2019 at 17:15
User Avatar

7059 Points Posted on 20 October 2019
Yes can claim entire ITC of Capital Goods.
33 Reply
On 20 October 2019 at 20:12
User Avatar

292 Points Posted on 21 October 2019
Yes can claim full ITC. but depreciation must not be applied..
2 Reply
On 21 October 2019 at 10:17
User Avatar

Professional
918 Points Posted on 21 October 2019
Yes you can avail full ITC but you need to comply with reversal/apportionment provisions contained under Rule 43 if you're not involved in exclusively Taxable supplies
7 Reply
On 21 October 2019 at 23:35


CCI Pro
Join the CA Students WhatsApp Community for ICAI Updates, Trending Courses & Notes!

Leave a Reply

Post Reply

Your are not logged in . Please login to post replies

Click here to Login / Register  

Recent Threads

More recent discussions | Post

Related Threads
Loading

Latest Job Openings

View all
Company
Featured 02 May 2026
Senior Executive

hitesh chandwani & co

Pune

B.Com

View Details
Company
Featured 29 April 2026
Manager- Finance and Compliance

Naveen Fintech Pvt Ltd

Kolkata

CA Inter

View Details
Company
Featured 14 April 2026
GST CONSULTANT

Abhishek G Agrawal & Co.

Korba

CA Final

View Details
Company
Featured 13 April 2026
GST CONSULTANCY

Abhishek G Agrawal & Co.

Korba

CA Final

View Details
Company
Featured 28 March 2026
Accountant

Ashok Amol & Associates

New Delhi

B.Com

View Details
Company
Featured 28 March 2026
CA Final

Ashok Amol & Associates

New Delhi

CA Final

View Details
Company
Featured ARTICLESHIP 19 March 2026
Article Assistant

Gupta Sachdeva & Co. Chartered Accountants

New Delhi

CA Final

View Details
Company
Featured 14 March 2026
Associate CA

N N V Satish&co

Hyderabad

CA

View Details