input credit
g mahesh Mundra (Business and tax consultant) (3299 Points)
27 May 2018
if a dealer purchases air conditioner for his showroom can he claim ITC for that
5 Replies
Pankaj Rawat
(GST Practitioner)
(55057 Points)
Replied 27 May 2018
Yes ,... 💯 Percent he can avail ITC
Vinod Babu
(24196 Points)
Replied 27 May 2018
Yes you can claim ITC if your air conditioner purchase Bills is B2B.
g mahesh Mundra
(Business and tax consultant)
(3299 Points)
Replied 28 May 2018
then for that can I claim depreciation
Pankaj Rawat
(GST Practitioner)
(55057 Points)
Replied 28 May 2018
Yes , depreciation can be claim on value before Tax (on taxable value)
Vinod Babu
(24196 Points)
Replied 28 May 2018
No ITC will be allowed if depreciation has been claimed on tax component of a capital goods.
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