Question ID : 38149

GST ON CAPITAL GOODS

Whether GST Input on capital goods can be taken in a single month or 60 Installments? 60 Installments applicable only when there is exempted turnover is there i.e., 42 or 43 rule? Also if we have to take on installment basis, while filing GSTR 3B liability is not offsetting with IGST when CGST and SGST credit available for payment of CGST and SGST output, which results in difference between books and credit ledger of GST.

posted by VINAY BHARGAV KUMAR G on May 17 2019 12:00AM