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ITC ON CAPITAL GOODS
ITC on capital goods can be claimed on monthly basis or yearly basis. every month we reruird to claim ITC on capital or we requird to claim one time for evey 5 years
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ITC on capital goods can be claimed when such goods are received along with the invoice. there is no provision saying claiming of ITC either monthly or yearly basis.
ITC on capital goods can be claimed when such goods are received along with the invoice. there is no provision saying claiming of ITC either monthly or yearly basis.
Sec 16 dealing with input tax credit allows credit to be taken when goods and bill received
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