Itc claim on capital goods

This query is : Resolved

Ashish Tiwari (Querist)
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23 January 2019 Sir,
I am government contractor and I Purchase JCB and RMC Mixer Machine for Concrete. how i can claim full ITC in one time in or In 5 years (60 Month).
kindly clear my doubt

Thanks & Regards.
From
Ashish Tiwari

Rajesh Kumar

Rajesh Kumar (Expert)
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23 January 2019 You shall claim full ITC of the GST paid immediately. You shall not claim depreciation under Income Tax of the GST part of which you have taken ITC credit.

Nilesh Gami

Nilesh Gami (Expert)
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23 January 2019 you shall be eligible to claim ITC fully else claim depreciation on tax component. ITC claimed needs to be reversed in case of sale of capital goods before five years on proportionate basis.

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