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Capital Goods ITC on huge amount


prashant walikar   20 October 2019

prashant walikar

 4 points

| My Other Post

I my case worth Rs. 1 cr capital machinery are purchased. IGST Rs. 18 lack
Can I take full ITC at once

Mukund Thakkar   20 October 2019

Mukund Thakkar

 3 likes  53 points

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Yes in GST u Claim 100%

avater

Pankaj Rawat (GST Practitioner)     20 October 2019

Pankaj Rawat
GST Practitioner 
 3471 likes  47012 points

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Yes ... you can claim full 18 lac credit at one shot

avater

subhagan sreerangam   20 October 2019

subhagan sreerangam

 209 likes  6699 points

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Yes can claim entire ITC of Capital Goods.

avater

HANNAN SHAIK   21 October 2019

HANNAN SHAIK

 14 likes  234 points

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Yes can claim full ITC. but depreciation must not be applied..

1 Like
avater

Hardik Hindocha   21 October 2019

Hardik Hindocha

 115 likes  918 points

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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


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