ITC on Capital Goods
op (N.A) (42 Points)
27 May 2019
RAJA P M
("Do the Right Thing...!!!")
(128091 Points)
Replied 27 May 2019
prasad Nilugal
( GST Practitioner & Accounts )
(14805 Points)
Replied 28 May 2019
As per section 16 sub section 3 of the CGST act if you claim depreciation on the tax component of the cost of capital goods (furniture & fixture ) under the provision of the Income tax act 1961 , the input tax credit on the said component shall be allowed .
prasad Nilugal
(3914 Points)
Replied 29 May 2019