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Eligibility for claiming igst paid on import of capital good

IGST 500 views 7 replies
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student
21 Points Posted on 15 September 2017

Ours is a STPI unit, registred under campanys ACT,

Recently we have imported Networking equipment ( capital goods) by paying IGST of INR 7,40,090/-.

My question is the IGST payment made is elegible for claiming Input tax credit or not .

If not then what is the alternative.    

 

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On 15 September 2017 at 17:02 Report
Replies (7)
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paid assistant
132 Points Posted on 15 September 2017
you can claim itc on capital goods but for depreciation asset value exclusive of IGST
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On 15 September 2017 at 19:02
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Gst Practicion
702 Points Posted on 15 September 2017
Can we claim IGST full amount at a time or proportionate basis
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On 15 September 2017 at 20:09
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31 Points Posted on 15 September 2017
you can claim full amt at a time
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On 15 September 2017 at 20:18
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82 Points Posted on 15 September 2017
amount claim in 5 Year total amount dived 5 year and claim
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On 15 September 2017 at 21:52
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Gst Practicion
702 Points Posted on 15 September 2017
When we will be take input of proportionate basis, I mean date of purchase or at the year end of such fy
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On 15 September 2017 at 22:10
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Gst Practicion
702 Points Posted on 15 September 2017
Mr Manohar where you find such provision of full itc claim? Please specify the section or rule here
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On 15 September 2017 at 22:13
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264 Points Posted on 15 September 2017
amt claim in 5 years
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On 15 September 2017 at 23:23


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