Gst on capital goods

Krishna (Manager - Genesis Tax Consultant) (531 Points)

17 May 2018

Hello Sir,

I am buying P&M for my business, Can I claim whole Input tax credit in the same month?

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5 Replies

Dayananda Kakade (Deputy Manager -Finance) (328 Points)
Replied 17 May 2018

Yes. There is no concept of deffered credit under GST

Pankaj Rawat (GST Practitioner) (55057 Points)
Replied 17 May 2018

Yes u can take the whole credit in the same month

RAJA P M ("Do the Right Thing...!!!") (128106 Points)
Replied 17 May 2018

Yes... You can take ITC for the Full Amount of Tax..

Also You ll avail as per Your supplies like Taxable or Excempted or Taxable and Excempted...

Krishna (Manager - Genesis Tax Consultant) (531 Points)
Replied 17 May 2018

Dear Sir,

Thank you so much for your help!!!

RAJA P M ("Do the Right Thing...!!!") (128106 Points)
Replied 17 May 2018

Yeah... You are most Welcome Dear...

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