i have claimed itc on capital goods in the invoice month.. what should i do now..
ex. capital goods bill date 01/01/2018.
itc claimed in january 3b
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Itc on capital goods
Replies (6)
You can claim ITC on capital goods in same month, no problem
Yes claiming itc in same month is not a problem.
As per section 16 of the CGST, Act 2017 ITC on capital goods is allowed subject to the fulfillment of the conditions.
In addition, you cannot claim depreciation on the tax component of capital goods
In addition, you cannot claim depreciation on the tax component of capital goods
you can claim the same.
Yes, agree with everyone's views
yes i will calculate depreciation on taxable value.. not on invoice value
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