Poonawalla fincorps
Poonawalla fincorps

Capital goods itc

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Querist : Anonymous

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Querist : Anonymous (Querist)
15 December 2017 Hello,
We are a cab service provider and opted 5% and not to claim ITC.
I have a query that in this option, can we claim capital goods ITC or not ???
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Udaya Chandran

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Udaya Chandran (Expert)
15 December 2017 Since you have opted for 5% tax without ITC, you cannot claim ITC on capital goods as well.

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