Regarding ITC on Capital asset
This query is : Open
12 March 2023
Hello Sir/Madam,
Can a regd person claim a refund of unutilized Input Tax Credit on capital asset as per Inverted Tax Structure under GST because output is under 5% and input capital asset is under 28%?
Can a regd person claim a refund of unutilized Input Tax Credit on capital asset as per Inverted Tax Structure under GST because output is under 5% and input capital asset is under 28%?
12 March 2023
Refund of ITC cannot be taken for capital goods
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