How to claim ITC on Ac, furniture etc

No you can take full credit in one go.

Yes ITC need to be reversed in proportion to value of Exempted Supply.

ITC can avail -It's for business / for the furtherance of businesses otherwise than Govt. Mentioned -Blocked Credit.

In the above case mentioned -you can take ITC.

Take full ITC and at the same time reverse them in proportion to exempt supplies on total supplies as per rules.

Takshila ITC on the acids and deal it taxable products.

Itc should be reversed with proportionate

1st divide between portion of taxable and exempted supplies

later

after 60months we need to take proposinat

Agree

Agree

What should take in ITC ? tell me section please

Originally posted by : Pankaj Rawat
	No you can take full credit in one go. Yes ITC need to be reversed in proportion to value of Exempted Supply.

Thanks. So No need to take ITC over 60 months like capital goods. 

Dear Ramachandran
Yes correct. No need to take ITC over 60 months .

Even if it is capital Asset , the ITC need to claim full in the month it is purchased.
If such capital goods is being used to generate taxable & exempted supply then the ITC in proportion to supply of exempted supply need to reversed on monthly basis till life of capital goods ie 60 months . (Reference Rule 43 of CGST Act )