Poonawalla fincorps
Poonawalla fincorps

Capital goods sales under GST for NBFC structure

This query is : Resolved 
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(Querist)
27 January 2021 Respected sir,
Kindly advice a NBFC proposed to sale capital goods, at the time of purchase avail itc @ 50%. I would like to know lapsed ITC can i setoff at the time of sales.
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Lekhraj sood

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Lekhraj sood (Expert)
27 January 2021 You mean to say balance 50% ITC you have not availed?
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vinesh k g

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vinesh k g (Querist)
28 January 2021 yes, 50 % not availed
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Lekhraj sood

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Lekhraj sood (Expert)
28 January 2021 You will have to forego that 50%,it is already time barred.

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