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.
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.
Lekhraj sood
(Expert)
29 December 2020
Yes you can claim.Also can capitalise excluding GST.
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