Input Tax Credit

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102 Points Posted on 15 February 2020
I had a proprietor concern firm. Can i take ITC on purchase of laptop in the name of my firm. Is the ITC reversable
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On 15 February 2020 at 08:14 Report
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Quick Summary
This discussion clarifies whether a proprietor can claim Input Tax Credit (ITC) on a laptop purchased for their firm. The consensus is that ITC is claimable if the laptop is used for business purposes and in furtherance of business operations. It also touches upon the reversibility of this ITC.

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banglore
1496 Points Posted on 15 February 2020
Yes, you can take input if laptop is used for business purpose
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On 15 February 2020 at 09:16
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"Do the Right Thing...!!!"
128157 Points Posted on 15 February 2020
If the Laptop used furtherance of business then Yes You can take ITC.
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On 15 February 2020 at 09:40

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