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(Querist)
20 July 2017 Dear sir,

1. purchase of stationery or any item for daily business expenses from registered dealer can i get benefit of Input tax credit?
2. if I buy any item for daily business expenses from composite dealer, in this case can i get any benefit from composite dealer

thanks
Bikash rai
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RAJA P M

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RAJA P M (Expert)
21 July 2017 1. Yes, You can get ITC 2. No more Benefits. You loss your ITC purchase from Composition Dealer.
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bikash rai

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bikash rai (Querist)
21 July 2017 dear sir,
if I take ITC on Capital Goods, then can I charge Depreciation on that Capital goods later?

thanking you
Bikash Rai



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RAJA P M

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RAJA P M (Expert)
21 July 2017 No... You can take ITC. Then you can't opt depreciation in new GST rule.

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