Presentation of ITC on Capital Goods in GSTR-3B

This query is : Open

benedict (Querist)
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27 September 2020 kindly explain:
Suppose Mr A has purchased capital goods in June 2020 for use in sale of taxable outward supply, and the itc is rs 25,000. But during june 2020 his Gst on outward supply is only Rs 3000. Now how to show the ITC of Rs 25000 in gstr 3b of June 2020 (availing and utilising ) and gstr-3b for suceeding months?

Details for June 2020

Capital goods ITC 25000

GST on Outward supply 3000

how to show availing and utilization of eligible ITC of 25000 in June 2020 and subsequent months

CA Kushwanth AVSR

CA Kushwanth AVSR (Expert)
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27 September 2020 If your machine is used exclusively only for supplying taxable supplies then you can claim the entire amount of ITC of that machine in the month of purchase ie., in the month of June and there is no need to apportion it for 60 months(it is applicable when it is used partly for taxable and partly for other pruposes).