Itc on capital goods

This query is : Resolved

Jatin (Querist)
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10 January 2018 Dear Experts,

We have purchased mobile phone & computers.

Can i take ITC on mobile phone & computers in one instalment.

Thanks & Regards,
Jatin

Udaya Chandran

Udaya Chandran (Expert)
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10 January 2018 Yes, you can take full ITC at one time.

Jatin

Jatin (Querist)
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10 January 2018 Thank you very much Udaya Chandran Ji,

As per ITC rules on capital goods under GST, ITC availed within 5 years for purchase of capital goods, when applicable ?

Regards,
Jatin

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Udaya Chandran

Udaya Chandran (Expert)
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12 January 2018 You can avail the credit before filing the annual return for the corresponding financial year.