ITC on capital goods purchased for wholly taxable supplies
Hemanta Samal (93 Points)
20 April 2021Hemanta Samal (93 Points)
20 April 2021
yash
(accountant)
(519 Points)
Replied 20 April 2021
ITC on capital goods is available if done capital goods used for furtherance of business and goods not included immovable properties ;like building and furniture fixed in building
CMA Poornima Madhava
(CMA)
(13112 Points)
Replied 20 April 2021
Entire input tax credit can be availed at the time of purchase of capital goods.
RENU SHARMA
(1388 Points)
Replied 20 April 2021
CA Altamush Zafar
(GST Consultant)
(15971 Points)
Replied 21 April 2021