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Gst input tax credit of composition

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Student CA IPC / IPCC
261 Points Posted on 29 March 2023
sir if some one purchase capital good when he register him self as a composition dealer now he want to covert in regular scheme can he take input tax credit of that capital good which he purchase at the time of composition dealer
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On 29 March 2023 at 11:30 Report
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2 Points Posted on 29 March 2023
Yes registered person is eligible for credit but after reducing ITC as prescribed in rule
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On 29 March 2023 at 13:42
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CA PGDFM BCom
1831 Points Posted on 29 March 2023
Yes he can get ITC of capital goods in such a case provided he has not charged depreciation on GST amount.
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On 29 March 2023 at 14:35
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CA
10436 Points Posted on 01 April 2023
Agreed with sandeep
40 Reply
On 01 April 2023 at 23:59


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