ITC ON Capital Goods

11 November 2017

can total ITC can be claimed on capital goods at once

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4 Replies

prasad Nilugal ( GST Practitioner & Accounts ) (14801 Points)
Replied 11 November 2017

You can calim ITC on capital goods 1)it should be taxable supply 2) Must use for the Busniess purpose .please Clerify Total ITC at once

sravan yadavv (20 Points)
Replied 11 November 2017

credit on capital goids can be taken at a time

prasad Nilugal ( GST Practitioner & Accounts ) (14801 Points)
Replied 11 November 2017

You should claim as per Invoice date & receipt of goods rather than at a time .

sravan yadavv (20 Points)
Replied 12 November 2017

can we claim total credit at a time on receipt of capital goods or equally in five years

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