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?

AI Summary

Debate on eligibility to claim ITC for GST on capital goods used for exempted supply within five years of use. A query was raised regarding the eligibility to claim Input Tax Credit (ITC) for GST paid on capital goods used for exempted supply, specifically if it can be claimed at the time of sale within five years from the date of use. One respondent requested further details to provide a comprehensive answer, while another opined that ITC cannot be claimed but also asked for more information to offer a detailed response. The discussion highlights the need for more context to address the query accurately.