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ITC on Capital Goods

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13 Points Posted on 19 April 2020
if a capital goods destroyed after claiming itc then what is treatment of itc
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On 19 April 2020 at 23:04 Report
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41 Points Posted on 19 April 2020
Please read cgst rule chapter 5th
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On 19 April 2020 at 23:34
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97 Points Posted on 20 April 2020
As per cgst rules itc 5% per quarter have to be reversed .
This reversal itc added to your output tax liability ledger .
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On 20 April 2020 at 07:17
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Chartered Accountant
12739 Points Posted on 20 April 2020

reverse the ITC - BLOCKED CREDITS - SEC 17(5)

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On 20 April 2020 at 08:23


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