Input credit on laptop

how to book itc on purchase of laptop in 3b
Replies (9)
Quick Summary
This discussion explains how to claim Input Tax Credit (ITC) on laptops purchased for business purposes. The ITC should be booked in Table 4, row A(5) of your GST return under 'All other ITC'. It's recommended that the invoice be in the business's name. Remember, you cannot claim depreciation on the GST tax component if you claim ITC.

Is this  laptop  purchase   for  furtherance   Business ?. and  Invoice is  in the name of  company . 

Yes its business purchase in the name of owner or u can say propreator
Post Journal entry by taking Laptop into FA
I want to book itc in 3b
Report it under Table 4 , row A(5)

Mention the ITC in the "4. Eligible ITC" table of the return.

Under the category (5) All other ITC in the table. 

 

Full itc or any part of it

Its better  Invoice should be in the name of  the  Business . You  Can not  Claim  Depreciation  on  GST  tax component of the Lap Top  , if you claim  ITC , so  take a note of   this  at time  of finalization  of  Accounts . 

But I want to know how much itc can be booked Right now full or a part of is

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