regarding plant & machinery ITC

D.Srinivasulu (B.SC) (201 Points)

19 January 2019  
hai sir good morning,we had purchased machinery for manufacturing taxable goods of cotton.GST ON PURCHASED MACHINERY CAN WE CLAIM AS ITC OR NOT?IF YES FULLY CLAIM ITC OR PARTIALLY ITC MEANS (ITC/5 YEARS). I CLAIMED ITC on purchased machinery NOt fully, partially claiming ITC for 5 years.is it correct or not.please clarify my query as soon as possible