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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GST Input tax on Capital goods
Replies (3)
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
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