GST ITC on Fixed Assets

YES YOU CAN CLAIM ITC ON YOUR PURCHASE PROVIDED IF YOU HAVE NOT CLAIMED DEPRECIATION ON TAX COMPONENT OF AIR CONDITIONER

Yes you can take...

NO ITC  AVAIL : IF

1. GOOD UES FOR PERSONAL ,

2 GOODS USES FOR EXEMPT GOODS PRODUCTION

3. CLAIM DEPT OF GOODS

YES ITC AVAIL :

ABOVE VICE VERSA

if the same asset sold within lifeterm how to effect in GST since its we utilised GST INput 

if one assessee claimed input on capital goods , but within financial year it get sold , then what about the input we claimed and is there any reverse methods 

Originally posted by : RAJA P M
	Yes... You can claim ITC for the purchase of Air Conditioner....

Raja Sir whether full credit can claim in next month itself or how many instalment it have to claim?

You can take full ITC in next month GSTR-3B

but if the asset which you utilised the input credit will be reversed if it get sold within 5 years from date of purchase .i.e 5 percent per quarter to be reversed .if anything doubt on this please reply me 

thank You for your replies

Originally posted by : umamaheshwaran
	but if the asset which you utilised the input credit will be reversed if it get sold within 5 years from date of purchase .i.e 5 percent per quarter to be reversed .if anything doubt on this please reply me

Nothing...

If he want sell his goods then He can with GST...