Assets treatment

u can claim ITC, & depreciation can also be available on value before GST

You can claim ITC for the purchase of Laptop if use furtherance of Business...

You can claim GST Tax as ITC....

You can claim Depreciation only the basic value of You are claim ITC...

If you can't claim ITC for the GST then you can claim depreciation on total Bill Value...

Input tax credit on the gst paid by you on purchase of laptop can be claimed as credit provided it is used for furtherance of business. If gst paid is taken as credit then depreciation as per income tax act can be claimed on on the gross value..ie. bill amount less gst paid. How ever if you don’t want to claim the gst paid on laptop you may capitalise the entire invoice value and claim depreciation for the entire value under the income tax act

Can i claim gst paid on laptop in the month of purchase or within 5 years

full ITC on same month when it is purchased

You can claim the full gst amount within one month if that laptop is using only for your business purpose.