Can I claim Input Tax Credit (ITC) on capitalized items, and what is the law regarding this?
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ITC CLAIM ON CAPITALIZE ITEMS
Replies (3)
Quick Summary
Capitalised items...???
Can You elaborate with more details...??
Can You elaborate with more details...??
You can claim ITC on capitalized item.
You should ensure that such credit is not blocked under section 17(5) of the CGST Act and it is not used for making exempted/non-taxable supplies.
This is already in the GST act. If understand the rules book then why ask doubt here.
So, please wait for the reply with details...
So and So flat reply or rules & provisions is not solve query...
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