GSTGST credit on new machinery purchased

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....STGST credit on new machinery purchased<br> Query (Issue) Started By: - Sahadev Maity Dated:- 3-7-2017 Last Reply Date:- 16-7-2017 Goods and Services Tax - GST<br>Got 5 Replies<br>GST<br>Dear experts,....

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.... I am going to start a new factory, for the I need to buy some machineris from outer state of Rs around 30lacs. Previous CST was 2% but now GST is 18% on purchase of machinery. So kindly advice me,....

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.... can I avail the GST credit on purchase of that machinery if yes then how? I would be very grateful to u all. Thanks & regards, sahadev Maity mob-9654621194 Reply By KASTURI SETHI: The Reply: Wa....

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....it for new GST Credit Rules. Reply By MUKUND THAKKAR: The Reply: Yes, Under GST Regime you are eligible to take GST credit of purchase the Machinery. but condition is you should be Capitalized mach....

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....inery in your books of account as a capital goods and take 100% ITC. Reply By KASTURI SETHI: The Reply: I support the views of Sh.Mukund Thanks, Sir. Reply By Sahadev Maity: The Reply: Thank you ....

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....all &#128591;&#127995; Reply By Ramesh Kothari: The Reply: Yes I can avail GST on CG and same utilize at the time of dispatch of material in same year<br> Discussion Forum - Knowledge Sharing ....