alleryStart learning →What makes goods qualify as capital goods under the CGST Act?
ACost above one lakh rupees
BUse only inside a factory
CImport from a foreign country
DValue capitalised in the books
Answer & Solution
Correct answer: D. Value capitalised in the books
Section 2(19) defines capital goods as goods whose value is capitalised in the books of account of the person claiming credit and used in business.
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