Can i take itc on iphone purchase

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55 Points Posted on 20 February 2023
I purchased iphone for business use
my business is garments
can i take gst itc ?
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On 20 February 2023 at 16:52 Report
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Quick Summary
Yes, you can claim GST Input Tax Credit (ITC) on an iPhone purchased for your business, provided it's used for the furtherance of your business activities. The invoice must be in the business's name, and the GST number should be provided to the seller. Ensure the purchase reflects in your GSTR-2B. Note that if you sell the iPhone within five years, you may need to reverse the ITC claimed.

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2 Points Posted on 20 February 2023
Yes, you can if it is useful for furtherance of business. otherwise big no.
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On 20 February 2023 at 18:24
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CFO- at NHTF
58280 Points Posted on 20 February 2023
If the iPhone is bought in the name of business and the GST number is given to the seller and if it is reflecting in GSTR-2B then you can claim ITC
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On 20 February 2023 at 21:35
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Profession Business
28246 Points Posted on 21 February 2023
Provided used for furtherance of business.
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On 21 February 2023 at 10:22
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QUALIFIED CHARTERED ACCOUNTANT
613 Points Posted on 21 February 2023

Yes, you can take ITC provided bill should be in the name of your business.

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On 21 February 2023 at 11:40
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72 Points Posted on 21 February 2023
Yes if used for business purposes
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On 21 February 2023 at 13:49
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12 Points Posted on 21 February 2023

dont sale it for 5 years otherwise you have to reverse ITC

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On 21 February 2023 at 16:54
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CFO- at NHTF
58280 Points Posted on 22 February 2023
Is the invoice in the name of business?
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On 22 February 2023 at 12:08
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CA | GST | Refunds | Advisory | Litigati
1463 Points Posted on 22 February 2023

To know the procedure to claim GST ITC benefits on iphone check out our featured post on https://www.facebook.com/casachinmjain

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On 22 February 2023 at 12:53
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CFO- at NHTF
58280 Points Posted on 23 February 2023
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On 23 February 2023 at 07:33

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