Rupesh Soni (Taxation Consultant & CA final student) (504 Points)
23 February 2019
Deepak Gupta
(CA Student)
(15922 Points)
Replied 23 February 2019
Dr. Laptop A/c
Dr. GST Input A/c
(CGST & SGST or IGST, as the case may be)
Cr. XYZ A/c
(from where you purchased)
GSTR-3B: Table 4 Eligible ITC
(A)(5) All other ITC
Seller will file the invoice details in his GSTR-1
prasad Nilugal
(3914 Points)
Replied 23 February 2019
nayab
(Sr.Officer Accounts )
(250 Points)
Replied 26 February 2019
Rupesh Soni
(Taxation Consultant & CA final student)
(504 Points)
Replied 27 February 2019
Deepak Gupta
(CA Student)
(15922 Points)
Replied 27 February 2019
Credits for capital goods are available in full.
There is no provision stipulating availment of capital goods credit in instalment or tranches.
Further, if the tax payer claims depreciation of the tax component in the value of capital goods under the provisions of Income Tax Act, then credit is not allowed on such tax component of capital goods.
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