ITC - Capital GOODS

Dear Experts,

Capital Goods Input Tax Credit shall i utilize fully in same month GSTreturn..?

Thanks & Regards

Fareed

 

Replies (3)
Quick Summary
This discussion clarifies the rules around claiming Input Tax Credit (ITC) for capital goods under GST. Experts confirm that you can indeed claim ITC for capital goods in the same month they are purchased. However, the utilisation of this credit is subject to specific conditions, particularly if you intend to sell the capital goods later.

Yes you can claim ITC in the same month and use it as per your need

Thanks for your guidance..!

If u further sale capital goods then u r only eligiblefor ITC.... otherwise no ITC will be taken...

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