Gst and depreciation on fixed assets
This query is : Open
Querist : Anonymous
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.
Expert : Anonymous
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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