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Eligibility for input tax credit
My client purchased a cell phone. Is he eligible to take input tax credit on cell phone purchase?
Replies (9)
for depreciateable assets ITC not allowed, for other than depreciateable assets ITC can allowed
no ITC
if it client purchase it on its firms gstin no then ofcourse it is allowed otherwise not
@ sunita ji no ITC on it ... gstn mention on invoice not any matter
Yes... ITC allowed if you use furtherance of Business...
what the mean of furtherence of business .... mobile dealer ... ???
in gst rule not mention that mobile for personal or business use expect mobile dealer .... so in my view do not take ITC on it ... cause mobile is samiler as personal use ... he use personal but for ITC it changes to business purpose ... so in my view do not take ITC on it
@ sagar mailapur
if purchase some machines for use in business and it's also depreciateable assets .Is this fall in ineligible TIC category
if purchase some machines for use in business and it's also depreciateable assets .Is this fall in ineligible TIC category
@ Sagar mailapur
respective sir
do you mean every assets on we charge depreciation ITC is not allowed????
respective sir
do you mean every assets on we charge depreciation ITC is not allowed????
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