capital goods input fully adjusted or partly or time period
anand sharma (162 Points)
23 July 2018
capital goods input adjusted fully and partly and time period for utilizes
2 Replies
Giriraj Kabra
(71 Points)
Replied 23 July 2018
Input tax paid on capital goods can be fully claimed in the month of purchase.
Depriciation on the amount of tax paid will not be allowed.
Moreover there is no time limit for utilization of capital goods.
Depriciation on the amount of tax paid will not be allowed.
Moreover there is no time limit for utilization of capital goods.
Vinod Babu
(24191 Points)
Replied 23 July 2018
Yes, input tax paid on capital goods can be fully claimed.
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