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Itc on capital goods

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(Querist)
11 June 2019 Hi all,
Can anyone explain me the treatment of availing input tax credit in case of capital goods used for business purpose ?
Thanks...
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R. B. Yadav (CMA, LLB)

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R. B. Yadav (CMA, LLB) (Expert)
11 June 2019 Hi,

You can take 100% input in a single installement. But if you sale or write off these assets before five year from the date of invoice, you have to reverse input credit after retention of 5% for each quarter

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