ITC on capital goods

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GST input credit available on Import machines & equipments to installed at factory.

Machinery & equipments Including production Used and environment facilities as well other utilities like generators,pipings etc.
Replies (9)
Yes.... ITC can be avail for the purchase of Capital Goods (Machinery & Equipments) if Your supplies are taxable...
Thank you raja, any conditions to be fulfilled
If your Supplies are taxable then no more specific conditions...

ITC allowed 

goods is used in business or furtherance  of business 

If i buy AC for my office whether am i eligiboe to take itc?
Yes... You can claim ITC for the purchase of AC which is used in Your office...

(Note : All other ITC conditions fulfilled)
Sir i am doing export with LUT how to correctly mention on gstr 1 pls explain that and also i am proceeding to claim for refund of accumulated itc due to export whether I can do so becuase i have claimed a duty drawback {Dbk+str} pls explain sir!
Dear Rahul
There is no restrictions in claiming Refund for Un-utilised input on Export of goods with Lut , in case you have claimed the Duty Drawback .
Yes As per Rule 96(10) , the Supplier cannot claim refund for the IGST paid on export , who has been availed benefits under Notification 78/2017 Custom & Notification 79/2017 Custom. but the also been withdrawn by Notification 16/2020 CT .

So in term of Rule 89 , you can claim ITC refund for Unutilised ITC for export without payment tax
Yes... I agreed to Mr Pankaj Rawat Ji view...

@ Mr Rahul firemike.,

Yes... You can claim refund for the Unutilized ITC for the export related.


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