ITC ON CAPITAL GOODS
Amrutha KM (30 Points)
05 September 2019
Can we claim ITC on capital goods? If yes, can we claim depreciation on such assets on the value excluding GST?
1 Replies
sujith kumar dasa
(banglore)
(1496 Points)
Replied 05 September 2019
yes you claim input credit of GST paid on capital goods, if they are not blocked u/s 17(5).
Yes you can capitalize those purchase exclusing GST amount
Yes you can capitalize those purchase exclusing GST amount
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