on capital goods credit allowed in all in first yesr
Input tax credit on capital goods
Replies (12)
No....
It's claim 60months...
please refer this article...
https://cleartax.in/s/itc-rules-capital-goods-gst
It's claim 60months...
please refer this article...
https://cleartax.in/s/itc-rules-capital-goods-gst
Sir machine is fully use for manufacturing process. Then itc available fully or partial. Or divide the 5year
You are sale only taxable goods then you can claim full ITC/60 months....
I have sale only taxable good means I have allowed full ITC in first year
No... .....
how will it take
Dear RAJA P M Sir.,
It's applicable to Fixed Assets or Capital Goods...?
Any differents for Fixed Assets and Capital Goods...?
100% ITC on Capital goods can be availed and utilised in the year of purchase itself. No restriction like earlier acts.
Please explain Dear CA_Suhani...
If capital goods under GST can avail the ITC in same year...??
Any notification or section...?
give the details
If capital goods under GST can avail the ITC in same year...??
Any notification or section...?
give the details
We can avail ITC, but make sure depreciation is not claimed on tax part of total invoice value of capital goods, if you want ITC.
Dear Mr Nachiket Bhat.,
We can avail ITC benefits and Depreciation allowed in basic Prize for Fixed Asset...
Also the same is applicable to Capital Goods. But, GST ITC benefits claim 60months. We can't get immediate purchased Year...
The 100 percent ITC availability for Fixed assets and same month of purchase...
We can avail ITC benefits and Depreciation allowed in basic Prize for Fixed Asset...
Also the same is applicable to Capital Goods. But, GST ITC benefits claim 60months. We can't get immediate purchased Year...
The 100 percent ITC availability for Fixed assets and same month of purchase...
| Originally posted by : S ELAVARASI | ||
 |
Dear RAJA P M Sir., It's applicable to Fixed Assets or Capital Goods...? Any differents for Fixed Assets and Capital Goods...? |
 |
Sir...
Please give details..
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