Gstr3b filing

This query is : Open

DESHABOINA SHRAVAN KUMAR (Querist)
Follow

21 April 2018 where the registered taxable person wants to claim depreciation on the tax component of the cost of capital goods under the provisions of the income tax act 1961, will he show the tax component on capital goods in gstr3b.

KAVIRAJA ADDANGADI

KAVIRAJA ADDANGADI (Expert)
Follow

21 April 2018 No need to show capital goods. In GSTR 3B if you Are not claiming ITC On Tax portion, Since entire amount can be capitalised as Asset.

RAJA P M

RAJA P M (Expert)
Follow

22 April 2018 Yes... I agreed to Mr KAVIRAJA ADDANGADI Sir., @ Mr. DESHABOINA., If You are take GST Tax portion as ITC then you can't book it asset for the GST Tax. If You are not avail the GST Tax as ITC then You can book the entire bill value in Asset and You can claim Depreciation...

You need to be the querist or approved CAclub expert to take part in this query .
Click here to login now

Summarize this with AI

ChatGPT Perplexity Claude Google AI Grok

Similar Resolved Queries

Unanswered Queries

Popular
Recent

Trending Online Classes

Direct Tax Laws & International Taxation May 26,Sept 26 & Jan 27

CA Arvind Tuli

Enroll Now
Audit Fast Track Recorded Batch For May 26,Sept 26 & Jan 27

CA Aarti Lahoti

Enroll Now
DT & Audit (Exam Oriented Fastrack Batch) - For May 26 Exams and onwards Full English

CA Bhanwar Borana & CA Shubham Keswani

Enroll Now

view all classess

Meet our CAclubindia PRO Members

Mukesh Singh

Shakthi

manojkumarkk

Sagar Khakhiwala

ajay agrawal

Subscribe Now

Gstr3b filing

Similar Resolved Queries

Trending Online Classes

Meet our CAclubindia PRO Members

Quick Links

Browse by Category

Latest Job Openings

CA Final

Manager- Finance and Compliance

GST CONSULTANT

GST CONSULTANCY

Accountant

Article Assistant