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Gst

This query is : Resolved 

29 December 2020 If I purchased an Asset worth Rs.100000/- for our office they charged GST of Rs.4500/- in the bill.

Clarification:-

1. Shall we take input tax credit of this GST paid

2. After taking credit shall we able to claim Depreciaton on this Asset. ? in which amount ? ( including of GST or excluding of GST)
please specify with provision for reference.

29 December 2020 Yes you can claim.Also can capitalise excluding GST.


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