Dear Expertes
Please suggest can claim full ITC on Machinery purchase?, if Yes then 100% any time or 50% current & 50% Next year?
Please advise..
Thanks in Advance
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Itc on capital goods (machinery)
Replies (8)
You are eligible to take full ITC in one stroke.
You have to claim ITC in 5 years
mr. singh sir i am not understanding what u say
I mean, In case of capital goods you have to assume the useful life of capital goods is 5 year and you will claim ITC in 5 years / 5 parts , Per year, As per GST act,
we will claim depreciation & itc, both will be claim
plz sir
plz sir
we will claim depreciation & itc, both will be claim sir?
plz reply sir
plz reply sir
Yes you will claim depreciation but you can charge depreciation on the value of machinery only not on tax value
Yes you can claim both ITC as well as depreciation
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