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Does input tax include tax (CGST/IGST/SGST) paid on input goods, input services and capital goods?

Question

Does input tax include tax (CGST/IGST/SGST) paid on input goods, input services and capital goods?

Expert Answer
Answered 25 Nov 2022
1910 views

Yes, it includes taxes paid on input goods, input services and capital goods. Credit of tax paid on capital goods is permitted to be availed in one installment.

 

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