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How to take input tax credit for capital good under gst

ITC / Input 203 views 5 replies
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Sr. Associate
331 Points Posted on 08 September 2018

Hi experts,

We purchased furniture for our office and now we need to claim ITC for it. Please provide the calculation of amount to claim such ITC.

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On 08 September 2018 at 14:32 Report
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Guest
To claim ITC, you need supporting documents like tax invoice, debit note, supplementary invoice, etc. You can claim Input Tax Credit if you have actually received some goods & services. To claim ITC, the Input Tax must be paid through electronic cash ledger or electronic credit ledger.
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On 08 September 2018 at 14:39
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24196 Points Posted on 08 September 2018
In invoice gst amount is shown, so that amount will be your ITC, so you can show that in 3B and claim it.
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On 08 September 2018 at 14:43
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Student
3193 Points Posted on 08 September 2018
No need of Calculations, just follow the invoice raised by your supplier and check whether GST is charged or not in the invoice if, charged in the invoice then you can claim the same if your GSTIN No. is available on such invoice.
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On 08 September 2018 at 14:56
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If party shown the details in GSTR 2A than you can claim only
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On 08 September 2018 at 16:29
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24196 Points Posted on 09 September 2018
Yes, when the seller is uploaded his outward supplies in GSTR 1, it will be reflected in buyers's GSTR 2A. So the buyer claim such ITC reflected in GSTR2A.
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On 09 September 2018 at 00:47


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