itc claim refund procedure on billing of a tipper(truck) as capital goods.

ITC / Input 406 views 3 replies
how I can take ITC on billing of tipper & how & when I can claim for refund.
is it possible to purchase a tipper(truck) as capital goods that will use in manufacturing of Flyash brick plant.
Replies (3)

I am not geeting your question

you can take itc of capital goods in gst.If you have purchased your goods before 1 july then also you can claim itc by filling trans 1 from.

here is link of two articles you can read for further clarification:

/articles/all-about-gst-refund--30571.asp

/articles/debugging-trans-1-and-trans-2--30859.asp

Madam how I can claim itc refund
for example-
I have billed a tipper(HSN:2487) in August
which price is-23,00,000/-(including igst @ 28%)
then total tax I had paid to the dealer-6,44,000/-
as I have a Flyash brick manufacturing unit,this truck is a capital goods for me,I have taken (ITC)
Hence
after filling gst-3b return ,my sgst is calculated-44,000/- to be paid
Now my question is-
whether this 44,000/- will adjust from the ITC/ not?
if yes then after adjustment from 6,44,000/- ,the remaining ITC balance is 6,00,000/-,(then can I claim the the balance amount for refund/not)
if yes then say me the process to claim the ITC refund.
if no then say how the balance will adjust,though my yearly return is less then the balance amount.
Madam how I can claim itc refund
for example-
I have billed a tipper(HSN:2487) in August
which price is-23,00,000/-(including igst @ 28%)
then total tax I had paid to the dealer-6,44,000/-
as I have a Flyash brick manufacturing unit,this truck is a capital goods for me,I have taken (ITC)
Hence
after filling gst-3b return ,my sgst is calculated-44,000/- to be paid
Now my question is-
whether this 44,000/- will adjust from the ITC/ not?
if yes then after adjustment from 6,44,000/- ,the remaining ITC balance is 6,00,000/-,(then can I claim the the balance amount for refund/not)
if yes then say me the process to claim the ITC refund.
if no then say how the balance will adjust,though my yearly return is less then the balance amount.


CCI Pro

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