Input tax credit on capital goods
I purchased few capital goods in April 2018.
One Inverter / Battery Set
Total GST paid is apprx 10000.
What is procedure of taking input credit for such capital goods.
There is no separate procedure for capital goods. Like any normal purchase you take input on capital goods as well.
Sir, Thanks for your response.
I read somewhere that for I can avail ITC in 5 years for tax given on capital goods…but not sure…