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Comparision for purchase of new or second hand bike under depreciation and gst

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1 Points Joined July 2021

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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On 15 July 2021 at 06:25 Report
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STUDENT
1631 Points Joined August 2017
My opinion ,Old One ,-GST is blocked,cannot claimed.
But,you must check the conditions of the bike.
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On 15 July 2021 at 08:56
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Chartered Accountant
24588 Points Joined November 2019
Purchase old bike for both terms
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On 15 July 2021 at 09:14
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GST Consultant
15986 Points Joined March 2013
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.
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On 15 July 2021 at 10:00
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403 Points Joined January 2018
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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On 15 July 2021 at 11:48

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