Is there any separate rules or treatment of capital goods under GST for ITC of following mentions type:-
- Direct related with Production (Eg. Plant & Machinery)
- Indirect related with production (Eg. Generator)
- Not related with production (Eg. A.C.)
AND
If they are sold within 5 years.
Menu
Capital Goods Treatment under GST
Replies (5)
You have to calculate proportionate itc
source: https://cleartax.in/s/itc-rules-capital-goods-gst
If all ur capital goods show in ur P/L account and not calculate deprition then you are eligible to claim ITC.
ITC available.
But on selling of capital goods within 60 months, proportionate reversal of itc or output tax whichever is higher is to be paid
But on selling of capital goods within 60 months, proportionate reversal of itc or output tax whichever is higher is to be paid
Dear Anshuman
Cannot get you .
If you are showing capital goods in p&l then it' is not capital goods .
kindly raise your query with more clarification.
Cannot get you .
If you are showing capital goods in p&l then it' is not capital goods .
kindly raise your query with more clarification.
Yes, I I do agree with Pankaj Rawat ji. Please explain your point in clear concept....Mr.Ansuman...
Recent Topic
- Issue with ITR2 online utility for HUF
- TDS deducted by EPFO under wrong section
- Schedule SI in ITR-2
- What is the easy way to do CA- through foundation
- Schedule FA query for this AY 2026-27
- Business income source for husband and wife
- Set off of LTCL against STCG under section 536(2n)
- Audit Workflow tool
- Is CA through direct entry easy for a commerce stu
- Dividend and withholding tax - DTAA- RSU
Related Topics
CAclubindia
