capital Goods and ITC
Anshuman Basu (account -GST) (1556 Points)
10 September 2018Anshuman Basu (account -GST) (1556 Points)
10 September 2018
Rohit Tibrewal
(Student & Senior Accountant)
(3193 Points)
Replied 10 September 2018
RAJA P M
("Do the Right Thing...!!!")
(128091 Points)
Replied 10 September 2018
Originally posted by : Anshuman Basu | ||
what is the manner of availing on Capital goods.we using capital goods for non taxable supply. sir if I use theses capital good as taxable supply what is tax implications? |
If Your supplies are Taxable then You can avail the ITC benifits in the Purchased months...
If Your supplies are exempted then ITC not available and full Invoice amount taken into Fixed Asset...