I have an online business and business is done mainly through WhatsApp orders.if im buying new iphone for both personal and business purpose can i claim itc on purchase of iphone and how the percentage applies between personal and business.whethet can i take 100% itc for business purpose?
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GST input on purchase of iPhone
Replies (1)
Claiming 100% ITC on an iPhone used for mixed purposes is generally not allowed and carries a high risk of audit rejection. The law allows for the apportionment of ITC based on business usage, but proving that usage ratio to authorities is difficult. It is advisable to use the device exclusively for business purposes if you intend to claim the credit, or to consult a qualified tax professional to evaluate your specific risk profile.
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