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ITC CLAIM FOR CAPITAL GOODS
WHAT ARE THE RULES OF CLAIMING ITC FOR CAPITAL GOODS?
Replies (1)
If the capital goods used for the following...
If supplies are fully taxable then claim ITC fully...
If Supplies are partly taxable & partly exempted then ITC available as per ratio...
If supplies are exempted then ITC not available...
If supplies are fully taxable then claim ITC fully...
If Supplies are partly taxable & partly exempted then ITC available as per ratio...
If supplies are exempted then ITC not available...
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