Fire extinguisher was installed for a trading firm. We are capitaling this expense . Weather input credit is eligible under gst ?
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GST input on fire extinguisher
Replies (5)
Itc available I think
Yes... ITC is eligible.
but you should not claim depreciation as per it act on it
Yes, very right itc is available but depreciation is available only on basic value and not on gst.
good clarification and information
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