hi friends.
can i apply refund ITC on capital goods...if it not utilised throughout the year......if yes than what is the time line for claiming the refund of ITC on capital goods...
Thanks....
Bijay
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ITC On capital goods
Replies (5)
yes you can claim ITC on capital goods in the year of purchase if you have not calimed depreciation on tax component of gst.
Time limit for avaling itc as per section 16(4) will be date of furnishing gst annual return(31st december) or 20th october of next FY which ever is earlier.
No sir I don't think that u can take REFUND of ITC claim on capital goods
You can claim ITC if it's used in furtherance of business and Using for Taxable Supplies...
Also You can't claim Refund....!!!
Also You can't claim Refund....!!!
refund of itc cannot be claimed I said the limit regarding the aviailment of itc
can you please tell me sir, which section prohibit the refund claim on capital goods....
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