Is Input Tax Credit for Capital Goods permitted under GST in India?
Where goods and/or services received by a taxable person are used for the purpose of business and non-business supplies, whether the input tax credit is available to the registered taxable person?
As per section 16(5) of GST Law, the input tax credit of goods and / or service attributable to only supplies effected for business purpose can be taken by registered taxable person. The amount of eligible credit would be calculated in a manner to be prescribed in terms of section 16(7) of the GST Law read with GST ITC Rules (yet to be issued). It is important to note that credit on capital goods also would now be permitted on proportionate basis.
Click here to know GST rate of your product or service
GST Exemption list of goods and services
Find HSN number or Service tariff code for GST
GST registration guidelines
Indian GST Laws
How to export your goods?
Is digital signature option available under registration of GST in India?
Advantages of GST registration in India
Who has to obtain GST registration in India?
Does GST registration number of my firm change time to time in India?
Is GST registration required for a public sector undertaking?
Is amendment of GST registration allowed in India?
Cancellation of GST registration in India
Centralized GST registration of services permitted in India?
Does Interest attract on GST Tax payment delay?
Mechanism of Payment of GST tax in India
Levy of late fee for GST Tax returns filing in India
Notice to GST return filing defaulters
When to file Annual Return of GST online?
Procedures to claim reduction in output tax liability of GST in India
Procedures to claim Input Tax Credit under GST in India
When to file first Return of GST tax in India?
GST Tax returns filing – Who, How and When?
No need to pay GST on sale of Raw silk
Zero rate of GST on purchase of Silkworm laying
No need to pay GST on purchase of Cocoon
Zero rate of GST on sale of Silk waste
GST rate for wool, animal hair, yarn of horsehair, woven fabric
No need to pay GST on purchase or sale of Wool
No need paying GST on sale of Fine or coarse animal hair
No GST on sale of Waste of wool
Nil rate of GST on sale of Waste of fine or coarse animal hair
GST taxable rate on Fabrics of wool or of animal hair business
GST scheduled rate on Yarn of wool or of animal hair
GST rate for ropes, twine, wadding, special yarns, felt etc.
GST on Wadding of textile materials
GST scheduled rate on purchase or sale of Felt
Rate of GST on Nonwovens
GST amount of rate on purchase or sale of Rubber thread and cord, textile covered
Payable GST on Metalised yarn
GST payable rate on Gimped yarn, and strip
GST on Twine, cordage, ropes and cables
GST payable rate on sale or purchase of Knotted netting of twine, cordage or rope, made up fishing nets
GST amount of rate on sale or purchase of Articles of yarn, strip
GST on Embroidery zari articles
Rate of GST for embroidery, special woven fabrics, tufted textile fabrics
GST rate on Ship’s on sale or purchase of Woven pile fabrics and chenille fabrics
GST scheduled rate on sale or purchase of Terry towelling and similar woven terry fabrics
GST scheduled rate on sale or purchase of Gauze, other than narrow fabrics
GST slab rate on Fabrics of manmade staple fibres business.
GST slab rate on Tulles and other net fabrics business
GST slab rate on sale or purchase of Hand-woven tapestries of the type Goblin's, Flanders
GST rate on sale or purchase of Narrow woven fabrics
GST rate on sale or purchase of Labels, badges and similar articles of textile materials
GST scheduled rate on purchase or sale of Braids in the piece, ornamental trimmings in the piece, without embroidery,
What is VACIS exam in US import customs clearance
When can an exporter release bill of lading from shipping company?
When does exporter get EP copy of shipping bill after customs clearance
Procedure for Central Excise Clearance Under Claim of Rebate
Customs procedures for Costa Rica Export
Registration required to export from Costa Rica
Import Customs processes in Costa Rica
Import Registration and import Licence procedures in Costa Rica
How to export from Bolivia?
How to Import to Bolivia?
How to import to India from Bolivia?