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Gst and depreciation on fixed assets


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Querist : Anonymous

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Querist : Anonymous (Querist)
02 June 2018 I have purchased a Laptop & Motorcycle for my Business work. can I claim depreciation along with GST Input tax credit ? what is the law in GST. and On which amount I can claim depreciation, please elaborate this matter with examples.

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Expert : Anonymous

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Expert : Anonymous (Expert)
02 June 2018 You cannot claim GST amount as depreciation Eg- Cost + GST = 100000+18000=118000 GST claimed = 18000 Depreciation can be claim on 100000 and not on 118000


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