Is ITC of items used for machines i.e.Capital goods are eligible for ITC Inverted refund ?ITC re

Is ITC of items used for machines i.e.Capital goods are eligible for ITC Inverted refund ?ITC re https://www.taxtmi.com/forum/issue?id=115226 Refunds for accumulated ITC due to inverted duty structure exclude input services and capital goods that are capitalized, but inputs such as stores, spares, packing materials and materials for machinery repairs may be included in Net ITC for refund purposes so long as they are used or intended for use in the business and their ITC is not restricted, and provided the items have not been capitalized in the claimant's books of account. en-us Mon, 22 Jul 2019 22:37:28 +0530 Thu, 23 Jan 2025 15:55:02 +0530 TaxTMI RSS Generator Is ITC of items used for machines i.e.Capital goods are eligible for ITC Inverted refund ?ITC re https://www.taxtmi.com/forum/issue?id=115226 Refunds for accumulated ITC due to inverted duty structure exclude input services and capital goods that are capitalized, but inputs such as stores, spares, packing materials and materials for machinery repairs may be included in Net ITC for refund purposes so long as they are used or intended for use in the business and their ITC is not restricted, and provided the items have not been capitalized in the claimant's books of account. Discussion-Forum GST Mon, 22 Jul 2019 22:37:28 +0530 https://www.taxtmi.com/forum/issue?id=115226