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ITC on capital goods
can i claim full itc on capital goods in first year of purchases...CG will be used exclusively for business purposes
Replies (4)
Yes you can claim ITC on capital good. however , ITC is not available for capital goods used exclusively for making exempted goods. further, denial of itc If depreciation has been claimed on tax component of procured capital good.
Where to report itc on capital goods in Gst return
@ Mr Saud Ahmed.,
Yes... You can claim full ITC in single take in the same month.
@ Jyoti Narang.,
No more special columns for showing CG in GSTR 3B return.
But,
You can show the details in Annual return.
Yes... You can claim full ITC in single take in the same month.
@ Jyoti Narang.,
No more special columns for showing CG in GSTR 3B return.
But,
You can show the details in Annual return.
@ jyoti... you can show the same in table no.4 Eligible itc of return form gstr 3b
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