there is a machine purchased
can I claim input tax credit of the same.
machine 100% used for production of taxable goods.
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ITC of GST Claim of capital good
Replies (3)
Yes... You can claim Full ITC in the same month...
sir actually I confused because as per rule 43
there is provision of reversal of ITC and same can b claimed in 5 years
there is provision of reversal of ITC and same can b claimed in 5 years
in gst, you can claim 100% itc of capital goods in the same year. there is no such restrictions, subject to certain conditions
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