Input tax credit on capital goods
pramod ga (Audit & Accounting Assistant ) (21 Points)
27 July 2017
Neha Jain
(Chartered Accountant)
(1085 Points)
Replied 27 July 2017
Credit of Input Tax will be availableif Capital Goods have been used for effecting taxable supplies and business activity without any restrictions. And this amount of credit cannot be form part of that capital goods(i.e. depreciation not allowed on ITC availed on GST paid)
praks
(accountant)
(31 Points)
Replied 06 August 2017
can common input tax credit on capital goods be transferred from one state to another state
Pankaj jakhar
(trainee)
(151 Points)
Replied 22 August 2017
GST LIVE Certification Course - 42nd Weekend Batch(With Govt Certificate)