Menu
Igst on capital goods
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
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. Gst bill is B2B
and if used in furtherance of business, then You can claim ITC for the Capital Goods...
ITC cannot be claimed for composition dealer.
1. Gst registration is regular type
2. bears the company name & Gstin
3. Gst bill is B2B
and if used in furtherance of business, then You can claim ITC for the Capital Goods...
ITC cannot be claimed for composition dealer.
Recent Topics :
- Revocation of suo moto cancelled GST registration
- Is there any faculty taking chapterwise test in CA
- Late Fees and Interest
- HDFC Bank’s Bureaucracy: The Nightmare of Fl
- Running a CSC Center, Maha E-Seva Kendra, Setu Ken
- GSTR-9 Table 8A issue
- CA Inter Coaching institutes at Hyderabad
- Looking for practising CA
- TDS return filing
- Need formats of FS as per Co act 2013 in soft copy
Related Topics :
CAclubindia
