capital good itc
Tarun Shah (264 Points)
11 September 2017
i am purchase capital good like a.c. for my office. can i get full itc on first year.or get itc following years.
Tarun Shah (264 Points)
11 September 2017
Dinesh Reddy
(138 Points)
Replied 11 September 2017
Yes you can take input credit in the year in which it is purchased.
Tarun Shah
(264 Points)
Replied 11 September 2017
Dinesh Reddy
(138 Points)
Replied 11 September 2017
Those days have gone. You can claim the input credit in the year of purchase itself for further clarification you may refer to Section 16 of CGST Act,2017.
sivaramakrishna
(student)
(22 Points)
Replied 11 September 2017
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