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Depreciation applicable or not?

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11 Points Posted on 25 September 2023
my client purchase a jcb and take ITC in his GST because of direct use in business. but my question is he charge depreciation in his profit and loss a/c (jcb value taken without GST in balance sheet) ?
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On 25 September 2023 at 12:50 Report
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2 Points Posted on 25 September 2023
Yes depreciation will be charged but only on the balance amount i.e. excluding gst.
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On 25 September 2023 at 14:41


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