GST on Capital Goods : Free Study Material
Here is the free study material on GST on Capital Goods
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As per the provisions of GST Laws, the taxable person is entitled to take full input tax credit at the time of receipt of capital goods unless it is covered under blocked credits or exclusively used for exempt supplies. In case where the capital goods are commonly used, the ITC has to be reversed/ paid to the government to the extent of exempted supplies.
Capital Goods definition under GST : Issues and Suggestions
Modify Definition of Capital Goods under GST : ICAI
Input tax Credit on capital goods purchased before GST Registration
Time Limit of 1 year for taking Input Tax Credit for Capital Goods : ICAI Suggestions
Allow ITC credit on Capital goods in transit as on appointed date : ICAI suggestion
Example : GST Input Tax Credit Rule : ; ITC on Capital Goods
Example ; Capital Goods Partly used for Business and partly for other purposes
GST Tips : ITC on Capital Goods if Payment made before 1st july 2017
Allow Credit of unavailed CENVAT Credit in respect of Capital Goods under GST : ICAI Suggestions
Supply of Input Tax Credit paid Capital Goods : ICAI Suggestions
GST Input Tax Credit : Free Study Material