GST input on capital goods

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Student
48 Points Posted on 18 June 2021

Can a trader claim ITC on capital goods under gst? 

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On 18 June 2021 at 14:49 Report
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Quick Summary
This discussion clarifies whether traders can claim Goods and Services Tax (GST) input tax credit (ITC) on capital goods. The consensus is yes, provided the capital goods are purchased for business purposes, such as for use in an office or for general business operations. There appear to be no specific restrictions preventing traders from claiming ITC on such items.

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CMA
13117 Points Posted on 18 June 2021

Yes. As I understand, there is no restriction as such.

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On 18 June 2021 at 15:04
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Self Employed Professional
34 Points Posted on 18 June 2021
Purpose of capital goods purchased
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On 18 June 2021 at 16:23
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GST Consultant
15986 Points Posted on 18 June 2021
If such capital goods is for business like for office then you can claim itc
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On 18 June 2021 at 17:29
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Student
48 Points Posted on 18 June 2021

Furniture or office/business use

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On 18 June 2021 at 19:28
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GST Consultant
15986 Points Posted on 18 June 2021

Itc available..................

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On 18 June 2021 at 20:50
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Student
48 Points Posted on 19 June 2021

Thank you all

 

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On 19 June 2021 at 16:03

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