Hi,
One used bike current asking price is 19k and it's new cost is 60k used bike first purchase was 2015.
Please suggest which one will be beneficial to business for purchase new one or used in depreciation and GST both terms
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Comparision for purchase of new or second hand bike under depreciation and gst
Replies (4)
My opinion ,Old One ,-GST is blocked,cannot claimed.
But,you must check the conditions of the bike.
But,you must check the conditions of the bike.
Purchase old bike for both terms
If taxation becomes the sole factor for business decisions, your business will suffer.
Purchase the bike which you think will be beneficial for your business and not for tax.
Purchase the bike which you think will be beneficial for your business and not for tax.
It's better to purchase old one w.r.t cash outflow as well provided the working conditions of bike and other factors. I would say, tax matters comes in second.
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