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ITC claim on Sundry assets

This query is : Resolved 
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(Querist)
17 November 2021 Sir, being a retail traders, If I Purchase sundry assets like mobile phone, computer, printers, two wheeler, which are being used by my myself/my staff for business purposes, may I claim ITC on the same ?
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Dhirajlal Rambhia

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Dhirajlal Rambhia (Expert)
17 November 2021 YES. EXCEPT TWO WHEELER.
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CA Kushwanth AVSR

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CA Kushwanth AVSR (Expert)
17 November 2021 If you are making only taxable supplies, then you can avail ITC except on Motor Vehicles. If you are also supplying exempted supplies then Rule 43 applies and only proportionate ITC will be available over 60 months...
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