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
Menu
GST Input tax on Capital goods
Replies (3)
Quick Summary
Depreciation has to be taken on those assets on value excluding value of itc.
Either u can take itc or depreciation..once u claim itc then depreciation to be allowed only on the value excluding gst
Thank you Mr. Altamush Zafar jee and Amit jee .I understood
Regards
Gupta
Recent Topics :
- Revocation of suo moto cancelled GST registration
- Is there any faculty taking chapterwise test in CA
- Late Fees and Interest
- HDFC Bank’s Bureaucracy: The Nightmare of Fl
- Running a CSC Center, Maha E-Seva Kendra, Setu Ken
- GSTR-9 Table 8A issue
- CA Inter Coaching institutes at Hyderabad
- Looking for practising CA
- TDS return filing
- Need formats of FS as per Co act 2013 in soft copy
Related Topics :
CAclubindia
