Capital goods input
TARUN DAS (170 Points)
14 August 2019
how can capital goods input amount and much because it is 5 year taking period shown in gstr 3b
6 Replies
Pankaj Rawat
(GST Practitioner)
(55052 Points)
Replied 14 August 2019
No.... you can claim full credit in one shot . ,means can avail whole credit in same month
Pankaj Rawat
(GST Practitioner)
(55052 Points)
Replied 14 August 2019
What clarification you need.....
suppose you purchase machinery on 1/7/2019 for 1.18 lac & GST on same is 18000/-. can avail ITC of RS.18000/- in GSTR,3b for July2019
suppose you purchase machinery on 1/7/2019 for 1.18 lac & GST on same is 18000/-. can avail ITC of RS.18000/- in GSTR,3b for July2019
Mohanraj J
(1193 Points)
Replied 14 August 2019
Yes, you can claim the same while next month Returns
subhagan sreerangam
(7056 Points)
Replied 14 August 2019
Whole ITC Credit can utilise in same month through GSTR3B.
Mondira Saha
(GST)
(3925 Points)
Replied 16 August 2019
condition attach there you can claim ITC but after claiming ITC when you capitalized that item and at the time of depriciation you have to take amount without gst .. you cant claim depriciation on gst amount
Recent Topics
- Gst on dance classes
- New Remuneration Clause Applicable from which Asse
- Be Alert - Bogus Tax Claims Exposed: IT Dept Warns
- Cash limit donations received
- Sales credit note and delivery challan
- ITC regarding query
- TReDS platform and accounting
- Can I show Salary to avoid TDS 194J
- Stamp Duty on Conversion of Partnership firm to Co
- RCM libilities
Related Threads
Trending Online Classes
-
25 Hours GST Scrutiny of Return and Notice Handling(With Recording)
Industry Expert14 February 2025 -
Survey, Search and Seizure under Income Tax Act 1961
CA Hari Agarwal
CAclubindia
