Menu
ITC on capex carry forward
One company imported capital goods worth 41cr on which gst under rcm paid is around 18cr. How longer we can carry forward that ITC. and for carry forward of ITC do we need to file additional form?
Replies (7)
Input tax credit on Capex can be made easily.
What goods You purchased...?
What is Your business and Goods and rate of taxes...?
Why you paid gst under RCM...??
What is Your business and Goods and rate of taxes...?
Why you paid gst under RCM...??
Details of goods us essential.
Plastic wrappers manufacturing machines.. which is company's principal business
| Originally posted by : G Hari | ||
 |
Plastic wrappers manufacturing machines.. which is company's principal business |  |
Taxable or not
Rate of GST
Eligible ITC if availed/claimed in time in returns then they can be carried forward till it is utilised. To understand it differently if ITC is availed but not utilised then It can be carried forward forever till business closes.
Here rcm not applicable
Recent Topic
- Issue with ITR2 online utility for HUF
- TDS deducted by EPFO under wrong section
- Schedule SI in ITR-2
- What is the easy way to do CA- through foundation
- Schedule FA query for this AY 2026-27
- Business income source for husband and wife
- Set off of LTCL against STCG under section 536(2n)
- Audit Workflow tool
- Is CA through direct entry easy for a commerce stu
- Dividend and withholding tax - DTAA- RSU
Related Topics
CAclubindia
