
Please explain the ITC for Capital Goods under GST.
Please explain the ITC for Capital Goods under GST.
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Please explain the ITC for Capital Goods under GST.
Please explain the ITC for Capital Goods under GST.
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.
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