Can claim itc on capital goods
This query is : Resolved
24 January 2019
Dear Sir,
I was purchase a new passenger vehicle for my business under rent a cab on july 2018 through bank loan.I have original invoice with my GST No. but not claiming the ITC of GST paid at the time of ourchase up to Dec-'2018.Is it posible to claim the same at the time of filling GSTR3B for the month JAN-2019. Kindly Advice me.
Mahesh
I was purchase a new passenger vehicle for my business under rent a cab on july 2018 through bank loan.I have original invoice with my GST No. but not claiming the ITC of GST paid at the time of ourchase up to Dec-'2018.Is it posible to claim the same at the time of filling GSTR3B for the month JAN-2019. Kindly Advice me.
Mahesh
24 January 2019
Yes
You can claim ITC till the due date of filling return for the month of Sep 2019 ( 20 Oct 2019 )
As per sub-section (4) of section 16 of the Central Goods and Services Tax Act, 2017 :-
Time limit to claim ITC against an Invoice or Debit Note is earlier of below dates:
The due date of filing GST Return for September of next Financial year
OR
Date of filing the Annual Returns relevant for that Financial year
You can claim ITC till the due date of filling return for the month of Sep 2019 ( 20 Oct 2019 )
As per sub-section (4) of section 16 of the Central Goods and Services Tax Act, 2017 :-
Time limit to claim ITC against an Invoice or Debit Note is earlier of below dates:
The due date of filing GST Return for September of next Financial year
OR
Date of filing the Annual Returns relevant for that Financial year
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