Whether Input tax credit on Inputs and Capital Goods is allowed in one installment?
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ITC on Capital Goods
Replies (5)
Yes, in one installment you can take full ITC.
Yes its allowed .
yes it is allowed fully
Allowed only if it is exclusively used in making taxable supply. If used partly for exempt and partly for taxable supply, then entire credit not allowed in one instalment. Please refer to Section 17 in this regard
yes fully allowed
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