Whether Input tax credit on Inputs and Capital Goods is allowed in one installment?
5 Replies
Sundararajan S
(Final Student of ICAI)
(1764 Points)
Replied 19 June 2018
Allowed only if it is exclusively used in making taxable supply. If used partly for exempt and partly for taxable supply, then entire credit not allowed in one instalment. Please refer to Section 17 in this regard
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