can we avail the input credit on capital goods at once or is it have to be claimed in certain ratio and is the limit of ₹10000 still applicable which was present in CENVAT Credit Rules..? If possible pls also state the
Rule no. for reference..
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input credit on capital goods
Replies (5)
You can claim 100% in onece at the time of purchasing.
if i sell zero rated goods then given credit once or certain ratio?
@ Tarun., Give me the clarification...!
if i have sell taxable goods then 100 % claim at once. but i have sale exempted &taxable goods then claim 100%once.
Yes. Good question...
If you not avail the ITC then you can get depreciation in IT full amount...
If you not avail the ITC then you can get depreciation in IT full amount...
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