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ITC IN CAPITAL GOODS

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(Querist)
15 July 2017 can I take ITC purchase on capital goods
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Rahul varshney

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Rahul varshney (Expert)
15 July 2017 Yes, in terms of section 2(54), 2(55) & 2(20) of the MGL respectively. It may be noted that credit of tax paid on capital goods also is permitted to be availed in one instalment.

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