Can we claim refund of gst paid on capital goods??
I know we can take it as Input Tax Credit..
I want clarification regarding cash refund of gst paid on capital goods..
I have heard that we can claim refund on it, please tell me the provision.
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REFUND ON CAPITAL GOODS
Replies (2)
Yes we can take refund on capital goods provided we satisfy conditions of section 54(8) and section 54(3) of CGST Act, 2017 and file application in form GST RFD 01 within 2 years from the relevant date .
Yes the refund is available. Refer section 54(3) and section 54(8) of CGST Act , 2017 and file an application in form GST RFD 01 within 2 years from the relevant date.
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