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Please explain the ITC for Capital Goods under ...

Please explain the ITC for Capital Goods under GST.

Please explain the ITC for Capital Goods under GST.

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Chiranjibi Jul. 27, 2018

Input Tax Credit is available for capital goods under GST with certain exceptions.

To be blunt, ITC is not available for-

i. Capital Goods used exclusively for making exempted goods

ii. Capital Goods used exclusively for non-business (personal) purposes

It is worth noting that No ITC will be allowed if depreciation has been claimed on tax component of capital goods.


Please explain the ITC for Capital Goods under GST.

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