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CLAIM OF ITC


Bhat Mehvish   02 June 2020

Bhat Mehvish

 1 likes  12 points

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i have a sole proprietorship business dealing with kitchenware ... My question is Can i claim itc on purchasing of computer for office use ?

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Vishesh Surana   02 June 2020

Vishesh Surana

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Yes, since it is capital asset and ITC can be claimed , provided take tax invoice for the same.

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Bhat Mehvish   02 June 2020

Bhat Mehvish

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Thank you sir

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Shivam RC (Student)     02 June 2020

Shivam RC
Student 
 2514 likes  19737 points

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Yes you can claim ITC on Computer since as said by Surana Sir it's a Capital Asset/Goods. Refer the Provision of Section 16 ( the conditions, restrictions ) regarding claiming ITC for your better understanding.

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Pankaj Rawat (GST Practitioner)     02 June 2020

Pankaj Rawat
GST Practitioner 
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Yes the ITC is available .

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Vishesh Surana   03 June 2020

Vishesh Surana

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Most welcome

Karan Vishwakarma   04 June 2020

Karan Vishwakarma

 2 points

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Ji Ha aapko ITC milega lekin
Apka jitna bhi IT'C ban rha hai wo sab ek F.Y me nhi milega
apko 1/5 hi milega ek F.Y. year me or remaining ITC ka reverse karni hogi

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Vishesh Surana   06 June 2020

Vishesh Surana

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Now no provision relating to deferment

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KRISSHNAN KP   08 June 2020

KRISSHNAN KP

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It is furthermore of business


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