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Input tax credit on capital goods
If capital goods purchased after GST implemented. can purchaser claim input 100% or 50%.
Replies (4)
Credit of Input Tax will be availableif Capital Goods have been used for effecting taxable supplies and business activity without any restrictions. And this amount of credit cannot be form part of that capital goods(i.e. depreciation not allowed on ITC availed on GST paid)
100% shall be claimed in the month of purchase.
can common input tax credit on capital goods be transferred from one state to another state
Non registered dealer purchase capital goods in may 2017
Now want to take gst no. Can avail ITC
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