Can i claim ITC
This query is : Resolved
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15 March 2024
Sir,
I have puchase a mobile can i claim ITC ,its is for business purpose but as usual its fulfil my personal purpose also.
I have puchase a mobile can i claim ITC ,its is for business purpose but as usual its fulfil my personal purpose also.
15 March 2024
Claim proportionate ITC related to business.
Under the Goods and Services Tax (GST) system, if a mobile phone is used for both personal and business purposes, you may be eligible to claim Input Tax Credit (ITC) only for the portion of its usage related to business activities.
Under the Goods and Services Tax (GST) system, if a mobile phone is used for both personal and business purposes, you may be eligible to claim Input Tax Credit (ITC) only for the portion of its usage related to business activities.
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15 March 2024
SIR
How to calculated proprotionate ITC
How to calculated proprotionate ITC
15 March 2024
Time used in a day for business and personal use.
15 March 2024
Better to reverse such ITC. bcoz, it's very difficult to calculate the usage of the mobile phone.
13 August 2025
Section 16(2) of the CGST Act, 2017
ITC is allowed only when the goods or services are used or intended to be used in the course or furtherance of business.
If there is no proper tracking or evidence of business use, the ITC can be disallowed.
ITC is allowed only when the goods or services are used or intended to be used in the course or furtherance of business.
If there is no proper tracking or evidence of business use, the ITC can be disallowed.
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