GST Dept has Denied ITC on Capital Goods. In my case, its laptops.
We are a service exporter registered under LUT..
What are my options?
Thanks in advance!!
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GST Dept has Denied ITC on Capital Goods
Replies (5)
ITC is eligible on laptop if it is used in course & furtherance of Business, moreover the condition prescribed in Section 16(2) is satisfied then there is no reason to deny ITC & It's not even block under the Section 17(5].
So ask department under which Section they are denying the ITC for the same
So ask department under which Section they are denying the ITC for the same
I think notification 18/18/2017 dated 16/11/2017 , ITC on Capital goods under LUT is not refundable,or permissible that may be the reason, please confirm from Department of Goods and service tax.
The image did not upload so sending here
https://pasteboard.co/XALGA00mB6cn.png
This post as built some hope but its confusing to me.
https://pasteboard.co/oFsyeumIGEMn.png
Any thoughts from experts pls
U r not eligible for ITC.. ....bcz u have nt laptop business..... pls claim under indirect expenses
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