ITC on capex carry forward

This discussion clarifies the rules around carrying forward Input Tax Credit (ITC) on capital expenditure (capex) under GST. If ITC has been availed but not yet utilised, it can generally be carried forward indefinitely until the business ceases to operate. The specific details, such as the nature of the capital goods and the applicability of Reverse Charge Mechanism (RCM), are crucial for determining eligibility and the process.