We take ITC on capital Goods and 4 year we not produce one year. So can we eligible for full five year ITC claim or reverse one year ITC?
We take ITC on capital Goods and 4 year we not produce one year. So can we eligible for full five year ITC claim or reverse one year ITC?
yes last year no production?
Yes, even if there was no production in the last FY, you are still eligible for the ITC because you are still continuing the business.
Naveen Fintech Pvt Ltd
Kolkata
CA Inter
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Gupta Sachdeva & Co. Chartered Accountants
New Delhi
CA Final
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CAclubindia
