Menu
How can I claim itc on capital goods
whether divide by 60 months or lump sum amount
Replies (5)
Divide by 60 months
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
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
But for availement , can take lumpsum
Recent Threads
- Is MirrorFly an Instant Messaging Software?
- ITR filling for legal heir
- How Can I qualify CA Final Exam?
- Wrong reporting on 22 april 2026 under article inc
- Articeship Form 107
- TAN for Multiple States
- Delivery Challan serial number Issue and return ru
- After filing form 71 For TDS mismatch
- UNCLAIMED TDS REFUND QUERY
- Rcm payable which head
Related Threads
CAclubindia
