ITC on capital goods
This query is : Resolved
26 January 2020
Dear sir,
Can we avail ITC on capital goods immediately after purchase or we have to avail it in 60 months. Kindly Advice
Can we avail ITC on capital goods immediately after purchase or we have to avail it in 60 months. Kindly Advice
26 January 2020
U can avail Full ITC at the time of Purchase of Capital Goods.
27 January 2020
Thanks Akash,
Can you please share the relevant section/notification..??
As our GST auditor is of the view that we can avail ITC on capital goods on proportionate basis in 60 months not at the time of purchase.
Can you please share the relevant section/notification..??
As our GST auditor is of the view that we can avail ITC on capital goods on proportionate basis in 60 months not at the time of purchase.
27 January 2020
Please Refer Section 16 of CGST Act
You need to be the querist or approved CAclub expert to take part in this query .
Click here to login now
Click here to login now
Similar Resolved Queries
Unanswered Queries
- Is this income indian or foreign income?
- REGARDING GST ON COMMERICIAL PROPERTY
- 15ca /15cb whose income tax login? remitter or nri seller's login?
- Regarding Documentation & Compliances for Opening of Unit of Pvt Ltd.
- GST on export of services and Input Credit
- RCM applicability on Rent Paid by Registered Person to Unregistered Landlord for Residental Building
- ITC temporary reversal and reclaim
- TDS U/S. 194NF
- Applicable TDS rate for sale of property in Nov 2024
- REGARDING 25 AS DATE OF PAYMENT AND DATE OF BOOKING
- Long term Capital gains received on sale of Residential Plot of land 10 years after buying it
- RCM INVOICING FROM NOV-2024
- Short and Excess provision of expenses
- Issue of gst e invoice
- Interchangeable words in accounts
- Adjusted profit/Loss in the case of LLP and Pvt. Ltd.company
- How to adjusted advances given or receipt
- Foreign vendor without PAN unable to to register due to non receipt of OTP on foreign number ?
- 133(6) DIN INVALID format error - ->WHERE TO REPLY 133(6) notice?
- Query for dubts
Trending Online Classes
CAclubindia
