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if a person is doing contract work as a contractor. wants to take a input of laptop . can he avail??
Replies (3)
Laptop used for business is eligible to avail ITC..
If the Laptop is used in the course or furtherance of business, then YES you can claim ITC.
However ensure that all the FOUR CONDITIONS as laid down u/s 16(2) of the CGST Act 2017 is satisfied i.e. :
1). Possession of a Tax Invoice.
2). Received the Goods or Services.
3). Supplier must have paid the Taxes to the Government.
4). Recipient must have filed the Return.
However ensure that all the FOUR CONDITIONS as laid down u/s 16(2) of the CGST Act 2017 is satisfied i.e. :
1). Possession of a Tax Invoice.
2). Received the Goods or Services.
3). Supplier must have paid the Taxes to the Government.
4). Recipient must have filed the Return.
Yes, can avail ITC on this if Laptop used for the purpose of business and no depreciation has been claimed on the tax component of the cost of laptop.
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