You can claim Input Tax Credit (ITC) on computers, printers, and software purchased for your business, provided your GSTIN is listed on the invoice. Ensure you comply with Section 17(2) and Rules 42/43 of the GST Act. When claiming ITC, remember to use the base amount excluding GST for fixed asset accounting.
12 July 2021
If I purchase a computer, printer, tally Erp 9 for my business/office use, can I claim ITC on the same ? If not, whether entire invoice value is to be allocated to the computer a/c.