GST on Fixed Assets

Our company accountant (CA) is maintaining the company accounts. Our company provides laptops to all the employees who are all working from home. The company IT policy is applied to all the laptops to ensure it is used for office work only.

It has come to notice that this accountant was never claiming GST on all the laptops (even company assets) purchased. Is this correct? Why?

Replies (1)

The accountant is incorrect for missing the GST claim. Because laptops are essential business assets used for official operations (enforced by a WFH IT policy) and are not subject to blocked credit restrictions under Section 17(5), the company is fully eligible to claim Input Tax Credit on the GST paid for purchasing them.

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