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Refund for capital goods
input on capital goods can be claimed refund?
Replies (7)
You can claim refund of ITC on capital goods provided that such ITC is used for taxable supplies
No you are not eligible for refund on capital goods
Ohhh.. thanks Sir
Yes you can claim capital goods please ignore my earlier answer as it was mistakenly given
Can anyone share notifications to claim refund on Capital Goods
Section 16 allows. sec 17 does not block. rule42, 43 for method of calculation.
we can understand that Section 16 of IGST Act, 2017 entitles the person making zero-rated supplies to claim a refund of the input tax credit on inputs, input services, and capital goods. However, Section 16 of the IGST Act, 2017 provides that refund shall be claimed in accordance with Section 54 of the CGST Act, 2017 or the rules made thereunder.
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