Refund of itc on capital goods
This query is : Resolved
24 May 2019
Dear Experts,
We are the manufacturer of Footwear and our all sales are of 5% GST. And we purchase goods at
different rates of GST i.e. 5%, 12% & 18%. So we are taking the refund of this difference.
Sir, my query is that we have purchased some capital goods like Machinery & Tempo for Goods transporting.
Can we take the Refund of ITC on the above capital goods?
Please guide us on how to treat this ITC in GST Return.
Refund or utilized against the output Supply.
Thanks,
Rakesh Sharma
We are the manufacturer of Footwear and our all sales are of 5% GST. And we purchase goods at
different rates of GST i.e. 5%, 12% & 18%. So we are taking the refund of this difference.
Sir, my query is that we have purchased some capital goods like Machinery & Tempo for Goods transporting.
Can we take the Refund of ITC on the above capital goods?
Please guide us on how to treat this ITC in GST Return.
Refund or utilized against the output Supply.
Thanks,
Rakesh Sharma
24 May 2019
ITC refund on capital goods not available as of now
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