Does input tax includes tax (CGST\/ IGST\/SGST) paid on input goods, input services and\/ or capital goods?
Question 4
Bill
Input Tax Credit
FAQ on GST dated 21.9.2016 based on Draft Model GST
Q 4. Does input tax includes tax (CGST\/ IGST\/SGST) paid on input goods, input services and\/ or capital goods?
\nAns. Yes, in terms of section 2(54), 2(55) & 2(20) of the MGL respectively. It may be noted that credit of tax paid on capital goods also is permitted to be availed in one instalmen<\/p>\n
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