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ITC on Capital Goods

ITC / Input 322 views 5 replies
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218 Points Posted on 19 June 2018

Whether Input tax credit on Inputs and Capital Goods is allowed in one installment?

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On 19 June 2018 at 20:10 Report
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24196 Points Posted on 19 June 2018
Yes, in one installment you can take full ITC.
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On 19 June 2018 at 20:30
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GST Practitioner
55067 Points Posted on 19 June 2018
Yes its allowed .
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On 19 June 2018 at 20:31
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Article ship
33 Points Posted on 19 June 2018
yes it is allowed fully
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On 19 June 2018 at 21:13
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Final Student of ICAI
1764 Points Posted on 19 June 2018
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
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On 19 June 2018 at 22:14
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6 Points Posted on 20 June 2018
yes fully allowed
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On 20 June 2018 at 09:28


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