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?
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Itc claim four year
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Please elaborate is it that there was no production of goods during one year??
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.
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