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input on air condition
i have installed in my office can I get input .
Replies (6)
whether used for Busniess Purpose or not?
Yes you. can claim ITC as same is used in office... .
Yes... You can take the ITC for the Air Condition purchased and Used in Your office...
S but depreciation can not claim on gst
Yes..
You are exactly correct Mr Manju Nath.,
As per rule depreciation not available for the Tax portion...
Practically it's taxes will be claimed as Inputs then it's not transfer to any other heads...
At the time of accounting basic value and Tax values accounted the particular ledgers like basic value to Assets head and the Tax value to Current assets head under Duties and Taxes...
So,
As per my understanding both values accounted to particular head and not return back to asset head and not required depreciation...
You are exactly correct Mr Manju Nath.,
As per rule depreciation not available for the Tax portion...
Practically it's taxes will be claimed as Inputs then it's not transfer to any other heads...
At the time of accounting basic value and Tax values accounted the particular ledgers like basic value to Assets head and the Tax value to Current assets head under Duties and Taxes...
So,
As per my understanding both values accounted to particular head and not return back to asset head and not required depreciation...
Yes if you claim ITC then you can't charge depreciation....
& if you want to claim depreciation then no ITC available....
& if you want to claim depreciation then no ITC available....
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