where is shows capital goods purchase in gst returns?
how will clime the input?
Let me know when you have purchsed capital Goods?. Invoive Date & goods received .
9 Replies
Sathish Ashok
(117 Points)
Replied 14 November 2017
October 25th
we have a bakery
install new furniture and machinery
we have a bakery
install new furniture and machinery
prasad Nilugal
( GST Practitioner & Accounts )
(14801 Points)
Replied 14 November 2017
For Input tax credit of Capital Goods 1) It must for busniess purpose 2) should be taxable supply . In your case Have you received tax Invoice (CGST +SGST) for furniture & machinery?and same you are using for busniess purpose .
Regarding retrun , up to 31/3/2018 supplier will file only GSTR1 quarterly if turnover is less 1.5 , if more than 1.5 monthly , so your supplier will upload tax invoices issued to you on GSTN portal .
prasad Nilugal
( GST Practitioner & Accounts )
(14801 Points)
Replied 14 November 2017
Have you received TAX invoice?, & you are using capital Goods for busniess purpose .
prasad Nilugal
( GST Practitioner & Accounts )
(14801 Points)
Replied 14 November 2017
Show in Table 4 Eligible ITC in A(5) All other ITC , please confrim with department of GST or GSTN potal helpdesk
Sathish Ashok
(117 Points)
Replied 14 November 2017
any other specific column for capital goods in 3b &1
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