ITC of Capital Goods in GST

ALLOWABLE  , YOU CAN TAKE THE ITC . . . 

Yes... Allowed as per following...

Example

ABC Ltd has purchased 3 machineries in April 2017 to be used for various purposes as per the table given below. Total aggregate supplies = Rs.18 cr, value of exempt supplies = Rs.3 cr. Calculate ITC for the month of April 2017.

Tax credit for a tax period for Machine – 3 = 72000/60 = 1200 .

ITC attributable to exempted supplies = 3/18 * 1200 = 200.

The above amount of Rs.200/- will be added to the output tax liability for every tax period.