GST-03 Form, Part C16-Total Value of Capital Goods Acquired
Do we need to fill up in C16 for the asset bought by company as follow?
1). Passenger car with no GST6% (bought from a person)
2). Safe Box (second hand) with no GST6% (bought from a person)
3). Air-conditioner with GST 6%
4). Fax Machine with GST 6%
We only need to fill up C16 if the purchase of capital good
- Is subject to GST (with input tax), and
- Is not from non-registered person, and
- It is not under margin scheme, and
- The input tax is not blocked.
Therefore, you only need to fill up for (3) & (4).
Reference: Panduan Mengisi Borang GST-03