Igst on capital goods

IGST 72 views 4 replies
Sir if i purchase mobile or computer for office purpose then can i carry forward igst for 5 years??? plz reply me sir....
Replies (4)
No, you can take ITC in single take
but sir then in which type of capital goods can i carry forward my igst for 5 years...???? plz reply me
you can claim full ITC on capital goods on its purchase date

you must be asking life of capital goods which is 5year & it's being used when if the capital being sold before 5year , or when you supplying taxable & exempted supply out of it , in that case the ITC taken on capital goods is being reverse on monthly basis attributes to exempted supply
If,
1. Gst registration is regular type
2. bears the company name & Gstin
3. Gstย  bill is B2B
and if used in furtherance of business,ย  then You can claim ITC for the Capital Goods...
ITC cannot be claimed for composition dealer.


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