Fixed asset purchase bill gst treatment

Ashok Kumar S Kamath (Accounts Manager) (102 Points)

21 February 2018  

If we purchased an Asset worth Rs.25000/- for our office ( say Computer and accessories) they charged GST of Rs.4500/- in the bill.

Clarification:-

1. Shall we take input tax credit of this GST paid

2. After taking credit shall we able to claim Depreciaton on this Asset. ? in which amount ? ( including of GST or excluding of GST)