GST Refund

Dear Sir,
It is purely a question related to finance and income tax as such you may please contact any chartered accountant or auditor.

Dear Client,
If capital goods are utilized only for the supply of taxable goods or services, the ITC of capital goods cannot be utilized fully. If the capital goods are utilized only for manufacturing or selling or providing exempt goods or services or used for a personal cause, the ITC of capital goods cannot be utilized fully. ITC cannot be claimed if capital goods are used for personal purposes, for exempt sales, or if the tax component is included in depreciation claimed under the Income Tax Act. GST is a branch of law or legislation, that eventually comes under the arena of Chartered Accountants and Tax Consultants who have expertise and in-depth knowledge on the subject and may guide you properly on the subject. Hence, it is advisable to consult with them for more precise clarification on the subject to navigate the issue in the right way.