I am finding it really difficult to understand the provisions related to ITC on capital goods and when ITC will be reversed and the exact method used. Can anyone share an easy way/a video or something which may help me understand?
2 Replies
Dhirajlal Rambhia
(SEO Sai Gr. Hosp.)
(177824 Points)
Replied 06 May 2018
itc-rules-sale-purchase-capital-goods-gst
gst/itc-in-case-of-capital-goods-under-gst
https://www.caclubindia.com/articles/capital-goods-and-itc-for-capital-goods-under-rule-43-31224.asp
Sumit Kothari
(200 Points)
Replied 06 May 2018
जैसे मेने एक soil compactor rs. 25 Lacs मे purchase किया igst rs. 5 Lacs था तो मे igst की input use कर सकता हू and balance 20 Lacs पर depreciation की छूट ले सकता हू
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