Capital good ITC
mohan (Tax Consultant ) (181 Points)
25 September 2019
sir I purchased stabilize n compressor n genset can we claim input GST n we can adjust against sales means put GST
2 Replies
Poonamchand Varma
( Student)
(204 Points)
Replied 25 September 2019
Yes. ITC on capital goods is allowed and it can be utilised against output tax.
RAJA P M
("Do the Right Thing...!!!")
(128096 Points)
Replied 26 September 2019
Yes... You can claim ITC for the purchase of Capital Goods if Your supplies are Taxable.
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