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CAPITAL GOODS

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170 Points Posted on 14 August 2019
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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On 14 August 2019 at 21:10 Report
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402 Points Posted on 14 August 2019
its on 236000 as its full of your costing of the machinery.
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On 14 August 2019 at 21:30
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17264 Points Posted on 14 August 2019
236000 will be your cost of acquisition for depreciation. You can add installation cost also to the machinery cost .
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On 14 August 2019 at 21:51
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student
268 Points Posted on 14 August 2019
Irrespective of ITC depreciation should be calculated on full amount i.e.,2.36lac
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On 14 August 2019 at 22:26
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2 Points Posted on 15 August 2019
if u calculate depreciation on GST component also u can not claim ITC on capital goods.
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On 15 August 2019 at 11:29


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