If purchase machine rs 118000, with tax,
tax amount 18000
this is the capital goods for use for business
my query is how can claim in gst 3b rs 18000 tax amount .
it will calculate 60 month or full amount
Menu
Purchase machine
Replies (2)
You can avail input of total GST. However, if you will sold that machine before 5 years then you have to return input also of remaining years.
Rule 44 say that capital goods lifetime or 5 year on proportion basic you can take input tax every month or quarterly basis
Recent Topics :
- Gift of unlisted shares to friend upon marriage
- Utilising Section 54(F) for capital gains reinvest
- GST ewaybill closure and Bill to ship to GST numbe
- TDS ON PARNTER INTEREST
- Share important chapters of ca inter costing
- Free CA Foundation Study Material - PYQs with Sugg
- INCOME TAX
- Moving from old to new tax regime after notice
- Need urgent help on notice
- ITR-3 - F&O Loss adjusted against business inc
Related Topics :
CAclubindia
