CA Day celebration 2024 Easy Office
LCI Learning

Input tax credit on capital goods under gst regime

This query is : Resolved 
Profile Image

Profile Image

(Querist)
21 September 2017 Dear All,

I would like to know what is the rule for claiming ITC on Capital Goods. Will the total amount of ITC on capital goods be claimed in one go or in installments?

Regards

Shoeb
Profile Image

CMA. CS. Sanjay Gupta

Profile Image

CMA. CS. Sanjay Gupta (Expert)
21 September 2017 In one go. No installment system under GST Regime.
Profile Image

Chhatra Singh Dugar

Profile Image

Chhatra Singh Dugar (Expert)
21 September 2017 But keep in mind that if you claim GST on capital goods you will not be allowed depreciation on GST amount in Income Tax.
Upgrade to CAclubindia Pro. Subscribe Now!

Profile Image

RAJA P M

Profile Image

RAJA P M (Expert)
22 September 2017 Yes.. I agreed to Mr Chhatra Singh Dugar....
Profile Image

shoeb parwaiz

Profile Image

shoeb parwaiz (Querist)
22 September 2017 Dear All,

Thank you very much.

Regards

Shoeb
Profile Image

RAJA P M

Profile Image

RAJA P M (Expert)
22 September 2017 You are welcome Mr Shoeb

You need to be the querist or approved CAclub expert to take part in this query .
Click here to login now

CAclubindia's WhatsApp Groups Link


Similar Resolved Queries


loading


Unanswered Queries


CA Day celebration 2024 with Tally CCI Pro

Trending Online Classes

view all classess
Let's Talk Money: You've Worked Hard for It, Now Make It Work for You
Click here for more bestsellers


Answer Query



Quick Links