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