Asset purchased with gst tax where it is reflects
This query is : Resolved
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
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.
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18 September 2017
sir,
I am not able to understand I had purchased assets 35,000/- CGST 3150/- sgst 3150/- please explain clearly
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.
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18 September 2017
thank you sir for your reply and claim depreciation in gst meaning how to claim
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18 September 2017
Not capitalise GST means no depreciation on GST.
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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....
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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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