How can I claim itc on capital goods

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whether divide by 60 months or lump sum amount
Replies (5)
Divide by 60 months
U can claim entirely as their is no concept of deferment
Hello Shivam

We can take ITC of capital goods as lump sum amount . In GST there is no requirement to bifurcate the ITC over the periods.

Provided ITC is allowed as per section 16 and should not be blocked u/s 17(5).

you can read the above sections for more details

The procedure for reversal of ITC is provided under Rule 42/43 . Go through it first .

For reversal, one should go as per Rule 42/43 means divide by 60 months.
But for availement , can take lumpsum


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