Time limit for itc on capital goods

This discussion clarifies the time limit for claiming Input Tax Credit (ITC) on capital goods under GST. The general rule, as per Section 16(4) of the GST Act, states that ITC must be claimed by the due date of the September return of the following financial year or the date of filing the annual return, whichever is earlier. This time limit applies equally to ITC on capital goods as it does to inputs, and the full credit for capital goods is typically claimed in one go.