Claiming Of ITC

Can I Claim ITC on Purchase Of Mobile Phone Used for Business Purpose?
Replies (2)
Quick Summary
Yes, you can claim Input Tax Credit (ITC) on a mobile phone purchased for business use, provided you have a valid tax invoice with all necessary details. Ensure the seller has uploaded the invoice in their GST return. Remember, you cannot claim depreciation on the GST component if you claim ITC.

Off course. Why not. If mobile phone is purchased to use in your business activities, you can definitely claim it.

Make sure seller gives you Tax Invoice containing following details.

His firm's name, address & valid gst no.

Your firm's name, address & valid gst no.

Hsn no. of mobile phone

Gst tax rate and gst amount charged.

Most Important is he should upload this invoice in his monthly / quarterly gst return
You can not claim Depreciation on GST component ,if you claim ITC .

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