can we use input tax credit on capital goods , to the rental income services https://www.taxtmi.com/forum/issue?id=117838 The issue concerns use of Input Tax Credit on capital goods (plant and machinery) by an apparel manufacturer to pay GST on rental services. Replies state that eligible credit may be applied against outward GST liability, there is no requirement of one-to-one correlation between input and output, and credit for capital goods is not barred under the credit-denial provisions relied upon, so such utilisation is not precluded on those grounds. en-us Fri, 04 Mar 2022 15:06:51 +0530 Thu, 23 Jan 2025 15:54:22 +0530 TaxTMI RSS Generator can we use input tax credit on capital goods , to the rental income services https://www.taxtmi.com/forum/issue?id=117838 The issue concerns use of Input Tax Credit on capital goods (plant and machinery) by an apparel manufacturer to pay GST on rental services. Replies state that eligible credit may be applied against outward GST liability, there is no requirement of one-to-one correlation between input and output, and credit for capital goods is not barred under the credit-denial provisions relied upon, so such utilisation is not precluded on those grounds. Discussion-Forum GST Fri, 04 Mar 2022 15:06:51 +0530 https://www.taxtmi.com/forum/issue?id=117838