If you've purchased an external hard drive with a GST bill for your GST-registered proprietorship, you can indeed claim the Input Tax Credit (ITC) paid on it. Additionally, you can claim depreciation on the hard drive for income tax purposes, provided it's accounted for as a Fixed Asset. It's recommended to record the external hard drive as a separate fixed asset rather than lumping it with your laptop account.
08 October 2023
I have purchased external hard drive by gst bill in my gst registered proprietorship firm.can I claim ITC PAID FOR PURCHASE OF EXTERNAL HARD DRIVE? PLEASE ADVISE. ITC IS OF TOTAL AMOUNT RS 1000/