itc on capital goods
Tarun Shah (264 Points)
14 September 2017
pls sir itc on capital goods take one time or propration rate for 5 yr
6 Replies
venkateswararao
(paid assistant)
(132 Points)
Replied 14 September 2017
one time ,you fill tran-1 2nd box then total itc will be shown in credit ledger when submitted tran-1
mahendra sahoo
(Gst Practicion)
(700 Points)
Replied 14 September 2017
If we new capital goods purchased and also gst charged, when we claim credit and what amount? e. g. Purchase date 14.08.2017 and gst charged on bill 25000/-
RAJA P M
("Do the Right Thing...!!!")
(128091 Points)
Replied 15 September 2017
@ Sahoo.,
You can take ITC for the Full amount (25000) In August month transactions...
You can take ITC for the Full amount (25000) In August month transactions...
RAJA P M
("Do the Right Thing...!!!")
(128091 Points)
Replied 15 September 2017
@ Tarun.,
If your purchases after July you can claim full ITC on transaction month.
If it's your previous Tax regime's then you ll be file TRAN 1 then claim fully....
If your purchases after July you can claim full ITC on transaction month.
If it's your previous Tax regime's then you ll be file TRAN 1 then claim fully....
mahendra sahoo
(Gst Practicion)
(700 Points)
Replied 15 September 2017
Mr Raja but Current GST RULES, the itc can be claim on capital goods to be 5 year proportionate basis, Is it true?
Tarun Shah
(264 Points)
Replied 15 September 2017
mahendraji i am also same question pls reply raj sir?
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