Input Tax Credit on Capital Goods under GST

Input Tax Credit on Capital Goods under GST

As per provisions of section 2 (19) of the Act, “Capital goods” are assets such as buildings, machinery, equipment, vehicles, and tools used by businesses to produce goods or services.

In this video, we explain about input tax credit on capital goods under gst.
how to claim the input tax credit on capital goods, when to claim the input tax credit on capital goods.

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[asdf]

Sir ji agar composition scheme dealer capital goods purchase kiya to kya wo itc le sakta hai ya sirf regular gst schem wala???

[kulkarni]

Sir can we clime input on computer purchase for business we are tiles dealer

[hemanthjain]

In that case the 100 Rs can be claimed as depreciation in income tax act. There should not be any issues confirm?

[arvindgupta]

if i show rs. 12 as expenses then how can take input credit. meaning one item can not be debit twice in double accounting system.

[jatinrajput]

TV Purchase kiya hai office ke name se or GST number bhi mention kiya hai bill pe and ITC GSTR-2A mai show ho raha hai kya ITC milega tv pe

[mohammadmozammil]

Sir koi company h jo goods supply krti h but vo kisi se service leti h to aur vo service company invoice issu krti hai to uska ITC le skte hai yaa nhi

[viinayakajm]

one of my client is contractor, HE purchased tipper (TRUCK) ...in this case he can claim ITC Or not
, in 2a and 2b we got the gst amount ...now we can claim or not ..plz eplain in deatail

[arindamsahoo]

Hello sir i have a construction firm can i claim itc on ipad, laptop. And mobile...if yes then how many such gadgets i can buy in one year... And which gst should i file for such goods

[tanmaygupta]

Bro how many times itc can be done by a firm?

[anugrahsahu]

Sir kisi party ne apni factory ke liye sheet, iron rod, cement purchase kiya ho to iska itc claim kr skte hain ya nhi
Pls reply 🙏🙏🙏

[ITTEHADchannel]

Kahan expenses dikhayein aur kahan par clam karein aur kaise؟
Ispae aapne bataya hi nahin. Ki gst portal par kis jagah kya kya dalna hoga.

[LobsangRaptan-rn]

U have to explain but u r only translating the words

[ManishSharma-clun]

there is nothing mention how much itc we claim in a year or else

[jeffpereira]

Sir, in a hotel we bought kitchen equipment worth 13.50 lks and solor system for ₹ 14.50 lks purely for business purpose. Can I fully claim itc. Please advice. Thank you

[karanrathi]

We purchase machinery for 1 cr including 18% gst so now we have input credit but our raw material is at 18% and finished product is 12%. So now we are in inverted duty tax structure
So in that case how do i get the gst refund on capital goods?

[nowuknow]

Very nice presentation.... Thanks for ur valuable efforts... Keep making such kind of videos... U justify ur tag line 😊 making life/gst easy..

[MindboxTrading]

I have started a new business and have zero sales. How to claim GST ITC with zero outward supplies. If you could make a video then it will be really great for your channel too. There's no such video on youtube.

[ashayshah]

Keep it up 👍
Sir you have very Well explained
provide also Excel workings tutorials along with GST .
Thank you

[bablusharrma]

मेरे भाई Capital Goods की बात कर रहे हो तो Value तो Logical लिया करो.. बाबा आदम के ज़माने की figure लेते हो. Ex ही सही पर Amount कम से कम 1Lac तो ले. 100-100 Rs bhi koi Amount hoti h.