Capital Goods ITC on huge amount


prashant walikar   20 October 2019

prashant walikar

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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

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Yes in GST u Claim 100%

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Pankaj Rawat (GST Practitioner)     20 October 2019

Pankaj Rawat
GST Practitioner 
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Yes ... you can claim full 18 lac credit at one shot

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subhagan sreerangam   20 October 2019

subhagan sreerangam

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Yes can claim entire ITC of Capital Goods.

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HANNAN SHAIK   21 October 2019

HANNAN SHAIK

 10 likes  190 points

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

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Hardik Hindocha   21 October 2019

Hardik Hindocha

 114 likes  908 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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