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ITC on capital goods
How to avail ITC on capital goods ?Is there any period lock for claiming ITC on capital goods !?
Replies (2)
There is no specific method or condition for availing ITC on capitol goods. Restriction u/s 16(5) has to be verified. ITC has to be claimed within 6months from the end of the respective financial year.
Is ITC available on capital goods if i was selling exempt goods earlier before gst but after gst my supply of goods comes became taxable?
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