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ITC On capital Goods

ITC / Input 292 views 4 replies
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7 Points Posted on 07 October 2019
I have purchase Plant machine for production. it's about 50lacks
IGST is 9 lack .
should I take ITC part by part ie. (5%per quarter)
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On 07 October 2019 at 14:52 Report
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"Do the Right Thing...!!!"
128147 Points Posted on 07 October 2019
You can claim full ITC in single take...
463 Reply
On 07 October 2019 at 15:25
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ca
6 Points Posted on 07 October 2019
If your all outward supply are taxable supply
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On 07 October 2019 at 18:28
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account -GST
1560 Points Posted on 08 October 2019
But u can not take deppreation on ITC part
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On 08 October 2019 at 17:43
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"Do the Right Thing...!!!"
128147 Points Posted on 08 October 2019
If a bill we split to claimed ITC then balance available amount only for the basic value... It's also accounted to asset then where we can claim depreciation on ITC values...
463 Reply
On 08 October 2019 at 17:46


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