ITC on capital goods

Dr. Laptop A/c

Dr. GST Input A/c
(CGST & SGST or IGST, as the case may be)

Cr. XYZ A/c
(from where you purchased)

GSTR-3B: Table 4 Eligible ITC
(A)(5) All other ITC

Seller will file the invoice details in his GSTR-1

Credits for capital goods are available in full.

There is no provision stipulating availment of capital goods credit in instalment or tranches.

Further, if the tax payer claims depreciation of the tax component in the value of capital goods under the provisions of Income Tax Act, then credit is not allowed on such tax component of capital goods.