Credit on Capital Goods

receipt is a condition to avail ITC as per section 16. capital goods definition says anything which is capitalized in books is a capital asset. so date of capitalization is important

Thank you sir

As per the Provision of Section 16(2) of the CGST Act 2017, inorder to claim ITC, a person has to satisfy the below mentioned FOUR CONDITIONS :

1). Received the Goods or Services.
2). Possession of TAX INVOICE.
3). Supplier must have paid the taxes ( GSTR-3B ) and,
4). The Recipient must have filed the Return.

An Asset becomes a Capital Asset when it is capitalised in the books of accounts of the person claiming ITC [ 2(19) of the CGST Act 2017 ].

Hence, correct answer is (4).