https://www.taxtmi.com/forum/issue?id=110856 Implementation timing of GST is uncertain; for inter state machinery purchases IGST will apply and input tax paid is expected to be creditable and set off against GST liabilities where the final product is taxable. Pre GST purchases attract Central sales tax and other duties with limited credit. Full input tax credit on capital goods is indicated under the proposed GST framework but depends on final notifications. The purchase timing decision should balance anticipated tax credits against business needs and market considerations. en-us Mon, 29 Aug 2016 18:43:01 +0530 Thu, 23 Jan 2025 15:56:12 +0530 TaxTMI RSS Generator https://www.taxtmi.com/forum/issue?id=110856 Implementation timing of GST is uncertain; for inter state machinery purchases IGST will apply and input tax paid is expected to be creditable and set off against GST liabilities where the final product is taxable. Pre GST purchases attract Central sales tax and other duties with limited credit. Full input tax credit on capital goods is indicated under the proposed GST framework but depends on final notifications. The purchase timing decision should balance anticipated tax credits against business needs and market considerations. Discussion-Forum GST Mon, 29 Aug 2016 18:43:01 +0530 https://www.taxtmi.com/forum/issue?id=110856