Classification of Credit Input, Input Services and Capital Goods

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....; have been defined by sections 2(52) and 2(102) of the CGST Act respectively, as under: 2(52): "Goods" means every kind of movable property other than money and securities but includes actionable claim, growing crops, grass and things attached to or forming part of the land which are agreed to be severed before supply or under a contract of supply. 2(102): "Services" means anything other than....

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....o be classified as goods, we need to understand whether the same would be further classifiable as inputs or capital goods. The terms 'capital goods and 'input' have been defined by sections 2(19) and 2(59) of the CGST Act respectively, as under: 2(19): "capital goods" means goods, the value of which is capitalised in the books of account of the person claiming the input tax cre....