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All QuestionsCategory: GST ConsultancyTime period of utilizing ITC on Capital goods
Profile photo of Yash JainYash Jain asked 6 years ago

Time period of utilizing ITC on Capital goods

What is the time period of utilizing ITC on Capital goods?

Suppose, Mr. A has purchased machinery worth Rs. 1000000 on which GST charged is Rs. 180000 on 01/01/2018.
He has filed the return timely by taking credit for the above Capital goods.
Now, till what time period he can claim above ITC.

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1 Answers
Profile photo of SURESH KUMAR MITTALSURESH KUMAR MITTAL answered 4 years ago

There is time limit for claiming the ITC but there is no time limit for utilising the same.


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