ITC for a Machine purchased for oil Mill

448 views 6 replies
can i get ITC for the cutting machine purchased in a coconut oil mill
Replies (6)
Yes, if it's for business purposes than you can take ITC on same...
Yes you can claim ITC of GST paid on purchase of machinery ( a Capital Goods ) since it is being used in the course or furtherance of business.

As per the Provision of Section 16(1) of the CGST Act 2017, ITC on Inputs, Input Services and Capital Goods "used in the course or furtherance of business" can be claimed ( subject to blocked credit under Section 17(5) of the CGST Act 2017 ).
Can we claim the entire credit in the same month or credit to be within 6 months. PL clarify with notification if any
You can claim entire ITC of Capital Goods in same month in which you purchased that Goods.
Can you please share the notification, if any
Refer Section 16 of CGST Act, 2017 read with section. 2(59) input and 2(19) Capital Goods definitions.

Leave a Reply

Your are not logged in . Please login to post replies

Click here to Login / Register  

Company
19 June 2026
Accounts Executive

Getfive Advisors Pvt. Ltd.

Ahmedabad

CA Inter

View Details
Company
ARTICLESHIP 28 June 2026
Article Assistant

Sharma Chetan And Company

Gurgaon

CA Inter

View Details
Company
ARTICLESHIP 30 June 2026
Article Assistant or Paid Assistant

VIKAS VERMA & CO

New Delhi

Others

View Details
Company
ARTICLESHIP 20 June 2026
Articleship

RB KESHRI & CO

Mumbai

B.Com

View Details
Company
ARTICLESHIP 10 July 2026
Article Assistant

N S Gokhale & Co

Thane

CA Inter

View Details
Company
ARTICLESHIP 07 July 2026
Articleship

Jawahar and Associates Chartered Accountants

Hyderabad

CA Inter

View Details
Company
06 July 2026
Chartered Accountant (Indirect Taxation)

Gowra Ventures Pvt Ltd

Hyderabad

CA

View Details
Company
11 July 2026
CA Inter, CA Intermediate, CA IPCC, CA CPT , CA SemiQualifie

Vakilsearch.com

Chennai

CA Inter

View Details