We have purchased mobile phone for office use, basic value Rs 20000 tax 18% Rs 3600 can we book basic value of 20000 as asset and the same can we take ITC Rs 3600 is that correct
VANAJA RANI
(TAX CONSULTANT AUDIT ASSISTANT)
(92 Points)
Replied 26 August 2021
yes, without claiming depreciation on gst amount itc can be allowed on purchase of mobile phone
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