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Capitalisation of plant and machinery
In general when we purchase capital goods and capitalise the same, we are not eligible to avail ITC of GST paid on such CG. If we purchase CG under EPCG lincence what would be the treatment of GST Paid.
Replies (4)
KOI BHI CAPITAL GOODS KHARIDO, AAPKO GST CREDIT MILEGA. TO AAP HO YA KOI OR SABHI KO CAPITAL PURCHASE PAR BHI GST INPUT CREDIT MILTA HAI
but capital goods are been cspitalized not elegible for ITC gst..
Capital goods for imoveable properties not able for ITC
When you are purchasing CG under EPCG licence then GST is Exempted . Hence if exempted then No ITC is available
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