student
42 Points
Joined September 2013
we are in the business of coffee shop. for preparing coffee, etc... we have purchased some kitchen tools like mixer, etc..... shall I consider them as capital goods and avail ITC or not? Because we opted for 5% rate without ITC instead of 18 with ITC. Since we can avail ITC on capital goods with 5%rate also. please help me to treat wether such kind of purchases comes under capital goods as per GST act??