Section 2(19) of Rajasthan GST Act 2017: Meaning of “capital goods”

Definition of the term “capital goods” under Section 2(19) of the Rajasthan GST Act, 2017

As per Section 2(19) of the Rajasthan GST Act, unless the context requires otherwise, the term “capital goods” means goods, the value of which is capitalised in the books of account of the person claiming the input tax credit and which are used or intended to be used in the course or furtherance of business.

Leave a Reply