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Input credit on laptop
how to book itc on purchase of laptop in 3b
Replies (9)
Quick Summary
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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