EITHER TAKE DEPRECIATION OR AVAIL ITC ON CG.
This query is : Resolved
28 December 2019
Respected Sir/Madam
What is beneficial for me ,Either to take Depreciation or avail Input tax Credit on Capital Goods.
What is beneficial for me ,Either to take Depreciation or avail Input tax Credit on Capital Goods.
28 December 2019
Beneficial to take ITC on capital goods as this will considerably reduce your tax liability in GST. For this you can forgo depreciation on GST component of cost of capital goods.
29 December 2019
yes taking itc is beneficial
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