How should ITC on capital goods be utilise?
ITC on capital goods to be utilise for 60 months i.e. 5years. If suppose i purchase capital goods like machinery of ITC 6000/- out of which I'm allowed to take only 100/- per month (6000/60) remaining ITC for next 59 months. So if i have to take only 100/- for every month than what about 5900/- to be done in GSTR 3B? As we cannot offset liability payable without utilising all available ITC and pay through cash ledger.
Do we need to reverse 5900/- in GSTR 3B for first month and add back in next months return to all other ITC and reverse back 5800?
Thanks in advance.
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