Machinery purchase
Taxable Value- 200000
Taxable value-36000
Invoice value-236000
My query is which amount calculate depreciation if input not claim in gst for capital goods
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CAPITAL GOODS
Replies (4)
its on 236000 as its full of your costing of the machinery.
236000 will be your cost of acquisition for depreciation. You can add installation cost also to the machinery cost .
Irrespective of ITC depreciation should be calculated on full amount i.e.,2.36lac
if u calculate depreciation on GST component also u can not claim ITC on capital goods.
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