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Gst input tax credit of composition
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
Replies (3)
Yes registered person is eligible for credit but after reducing ITC as prescribed in rule
Yes he can get ITC of capital goods in such a case provided he has not charged depreciation on GST amount.
Agreed with sandeep
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