Claim of input tax credit on buying a laptop

Hi

If you are claiming depreciation under IT laws, the ITC on laptop is not admissible. May be your answer lies in section 16(3) of CGST Act. Pl see the section for better understanding of your query.

Hi everyone

I purchased a  bus and i attached it to the travel agency. for that iam receiving monthly rent of 4 lakhs

we are not raising any invoices for that income

Whether the GST is applicable for this income?

Please help me out

Yes GST is applicable since your turnover exceeds 20lakhs and supply of such service is taxable. You should register yourself, raise the invoice and discharge the tax liabilty.

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Can we claim both itc and depreciation while purchase of fixed assest