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Asset purchased with gst tax where it is reflects

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18 September 2017 Sir,

I had purchased Air cooler in the Name of the Company , issued invoice with GST Tax , it is not our commodity where I want to show in GSTR returns, if I am not showing it will effect in GSTR 2, how can I accept please clarify these doubt

Thanking you

18 September 2017 Accept and claim ITC for two years. Don't capitalise and claim depreciation on GST.

18 September 2017 sir,

I am not able to understand I had purchased assets 35,000/- CGST 3150/- sgst 3150/- please explain clearly




18 September 2017 Capitalise 35000 and claim tax credit on GST paid 3150 this year and 3150 next year.

18 September 2017 thank you sir for your reply and claim depreciation in gst meaning how to claim

18 September 2017 Not capitalise GST means no depreciation on GST.

18 September 2017 Sir., ITC is 100% available or not...?!

18 September 2017 Sir.,  As per GST, Capital Goods ITC is 100% available in single taken.... Please Correct me if I am wrong...!




18 September 2017 100% ITC available but claim it over 2 years.

18 September 2017 @Archana., Can't Claim depreciation in GST means... You claim ITC on Tax amount.. You claim depreciation on Goods value....

18 September 2017 Sir., Over two years means 50/50 or 1st SGST next CGST / 1st CGST next SGST...? Also please notify the section.. Bcoz, Also I confused this one. Take one Assets ITC

19 September 2017 Thank you sir for your reply and valuable information on gst






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