Fixed Assets ITC

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25 Points Posted on 20 January 2018
can we take ITC of fixed assets GST and also depreciate the taxable value
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On 20 January 2018 at 10:46 Report
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PROFESSIONAL
1777 Points Posted on 20 January 2018

Are you buying any fixed assets? Pl elaborate your question.

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On 20 January 2018 at 10:58
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25 Points Posted on 20 January 2018
we had purchased ac
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On 20 January 2018 at 10:59
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student
147 Points Posted on 20 January 2018
yes.. itc can be availed and dep. pn amount exclusive of tax.
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On 20 January 2018 at 11:10
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Practicing CA
7756 Points Posted on 20 January 2018

Yes you can claim iTC on Ac if , used for business purpose. You can depreciate only basis value of AC and not taxes on ac

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On 20 January 2018 at 11:10
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25 Points Posted on 20 January 2018
thanks sir
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On 20 January 2018 at 11:13

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