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Question ID : 44393

Input on Capital Goods purchased for Service activity

for Dry Cleaning services , machine, equipment's were purchased in the nature of Capital Goods. How GST input on the same could be availed and utilised in payment of GST output on such laundry services

Posted by SURAJ KUMAR CHOUDHARY on Dec 24, 2022

Filed Under GST

Answer ID : 83855

Input on capital goods (Machinery) can be utilized for GST Output .

Posted by Mahesh Kumar on Dec 26, 2022
Answer ID : 83861

In my opinion, you are eligible for Claiming ITC on Capital Goods as such goods are being used for furtherance of business. ITC on Capital Goods can be claimed through GSTR3B. Also same ITC can be utilised against your outward liability.

Posted by ABHISHEK ASHOK RASANE on Jan 01, 2023