how to show itc on capital goods in gstr3b ?
eg. if i have 50000 itc on purchase of capital good .can i take 50000 total in purchase month in gstr 3b or 50000/60month i.e portion of each month in gstr 3b .
please suggest me
i only have taxable suppply
4 Replies
Raj Chaurasia
(273 Points)
Replied 09 July 2020
If u have only taxable supply then you can take whole input tax as itc in the 1st year itself.
chethan data
(298 Points)
Replied 09 July 2020
Ya if u engaged outward supply then u can itc fully and there is no such cenvet concept like erstwhile itc claim
of 50% remain next
of 50% remain next
Pankaj Rawat
(GST Practitioner)
(55052 Points)
Replied 10 July 2020
If your are engaged supply of taxable goods/Services , full credit Rs. 50k can avail in one shot in 3B
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