claim of GST ITC at the time of sale of capital goods used for exempted supply

[Rakesh Bansal]

Whether the ITC for GST paid on purchase of capital goods, which has not been claimed as being utilized for exempted supply, can be claimed at the time of sale before 5 years from the date of put to use?

[KASTURI SETHI]

Pl. elaborate your query with full facts and circumstances.

[Ganeshan Kalyani]

In my view ITC cannot be claimed. However, as asked by Sri Kasturi Sir please elaborate your query to provide detailed reply.

AI Summary

Input Tax Credit on capital goods: claim on sale before prescribed period is contested; forum view leans against claim. Whether Input Tax Credit on capital goods used for exempt supply can be claimed on sale before the prescribed period is the issue; one respondent sought fuller facts to advise, another expressed the view that such credit cannot be claimed, leaving the question of claimability on sale unresolved.