itc on capital goods
pls sir itc on capital goods take one time or propration rate for 5 yr
Replies (6)
one time ,you fill tran-1 2nd box then total itc will be shown in credit ledger when submitted tran-1
If we new capital goods purchased and also gst charged, when we claim credit and what amount? e. g. Purchase date 14.08.2017 and gst charged on bill 25000/-
@ Sahoo.,
You can take ITC for the Full amount (25000) In August month transactions...
You can take ITC for the Full amount (25000) In August month transactions...
@ Tarun.,
If your purchases after July you can claim full ITC on transaction month.
If it's your previous Tax regime's then you ll be file TRAN 1 then claim fully....
If your purchases after July you can claim full ITC on transaction month.
If it's your previous Tax regime's then you ll be file TRAN 1 then claim fully....
Mr Raja but Current GST RULES, the itc can be claim on capital goods to be 5 year proportionate basis, Is it true?
mahendraji i am also same question pls reply raj sir?
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