Question

1) Can ITC on Capital Goods be claimed in the first month
2) Is there a notification for the aviation industry for claiming ITC on Capital Goods in a number of months?

Answer

1. The ITC can be claimed when the conditions given in section 16 of CGST Act are fulfilled irrespective of the fact whether it is relating to Input, Input services or Capital goods.

2. There is no such notification or specific ruling for aviation industry. (Reply dt.19/07/2018)