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GST Input tax on Capital goods

ITR 268 views 3 replies
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Accountant
305 Points Joined April 2013

Hi Experts

We have taken input GST on Capital goods to match with GSTR 2A/2B  , now can we take the deprication on the same assets ?

Waiting for your early response

Thanks

Gupta

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On 29 August 2021 at 11:21 Report
Replies (3)
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GST Consultant
15986 Points Joined March 2013
Depreciation has to be taken on those assets on value excluding value of itc.
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On 29 August 2021 at 11:28
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PRACTICE
164 Points Joined August 2011
Either u can take itc or depreciation..once u claim itc then depreciation to be allowed only on the value excluding gst
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On 29 August 2021 at 11:33
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Accountant
305 Points Joined April 2013

Thank you Mr. Altamush Zafar jee and Amit jee .I understood

Regards

Gupta

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On 29 August 2021 at 11:38

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