ITC on Capital Goods


08 October 2017 Dear Sir/Madam, Our company has purchased 2 ACs in Aug 2017. My question is that how to take ITC on Capital Goods. Can we take full ITC in Aug 2017? Thanks & Regards,

08 October 2017 You can take full ITC if such ACs are used for furtherance of business....

09 October 2017 Yes, you can take full credit in the month of receipt of the capital goods, it is used for business purpose.


09 October 2017 Thanks a lot CA Rashmi & Udaya for your response

09 October 2017 Welcome.......



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