I my case worth Rs. 1 cr capital machinery are purchased. IGST Rs. 18 lack
Can I take full ITC at once
Menu
Capital Goods ITC on huge amount
Replies (5)
Yes in GST u Claim 100%
Yes ... you can claim full 18 lac credit at one shot
Yes can claim entire ITC of Capital Goods.
Yes can claim full ITC. but depreciation must not be applied..
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
Recent Threads
- Refund of ITC for advance paid to overseas supplie
- Clubbing query (when gifts given to multiple fami
- Transfer Pricing Audit Upload Form 3CEB - Income T
- Only a Few Pages Indexed by Google Despite Sitemap
- Share sale by promoter of public limited company
- Individual working for a firm to take sales orders
- BIN view site not working
- Settlement of advance by customer
- GST chow cause notice
- Un claim ITC
Related Threads
CAclubindia
