GST Input Tax Credit (ITC) on Camera Purchase & Servicing for Photography and Camera Rental Business

“Can ITC be claimed on GST paid for camera purchases and camera servicing/repairs in a GST-registered camera rental and photography business?”

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Quick Summary
This discussion clarifies that GST Input Tax Credit (ITC) is fully claimable for both camera purchases (as capital goods) and servicing/repair costs (as input services) for GST-registered photography and camera rental businesses. To be eligible, businesses must meet standard GST compliance conditions, including having valid invoices, ensuring the credit appears in GSTR-2B, and not capitalising the GST component for Income Tax depreciation.

A GST-registered camera rental and photography business can claim 100% ITC on camera purchases and repair services, provided valid invoices are reflected in GSTR-2B, payments are cleared within 180 days, and depreciation is not claimed on the GST component under Income Tax rules.

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