What are the provisions regarding ITC on Capital Goods as per GST
Law?
ITC Query
CA Abbasali H. Bhaisaheb (Working as A FACULY FOR CA STUDENTS) (1127 Points)
19 November 2017
2 Replies
Jignesh Vyas
(Others)
(57 Points)
Replied 19 November 2017
full itc at the time of purchase is allowable. If you sale this goods before five years ITC shuld be revised depend upon time of utilization
SANDEEP JAIN
(Tax Consultant)
(487 Points)
Replied 19 November 2017
5% per quarter is allowable for 5 years
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