Input credit on capital goods-import purchase

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manisha (Querist)
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04 November 2017 Dear Sir,

We are manufacturing company, We purchase -(Import) Capital Goods ie Gas Chromatograph & Weight Balance both are use in our manufacturing process. We have paid IGST on import Purchase of capital goods.

Can we claim full ITC on the same or 50% ITC will be available.

Kindly revert on the same.

Adv. Rajesh Chhangani

Adv. Rajesh Chhangani (Expert)
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04 November 2017 In simple words, ITC will be available in TOTALITY where Capital Goods have been used for effecting TAXABLE supplies and business activity (not personal activities) without any restrictions. Hence there is no question of 50% ITC.