Dear Sir,
we have brought Air conditioner for office purpose. Can we Claim ITC on Ac bill.
Menu
Input tax credit
Replies (4)
Yes, you can claim ITC.
Uninterrupted and seamless chain of input tax credit is one of the key features of GST. ... So, if a registered person purchases an air conditioner for business purpose and invoice is in the name of the business entity, then he will be able to claim credit for tax paid on purchase of air conditioner.
If you claimed the input you are not eligible to claim depreciation
if u want to claim depreciation
pls dnt take ITC
if u want to claim depreciation
pls dnt take ITC
You can claim Input on AC.
Also you can claim depreciation on basic value of AC. Not to claim depreciation on input claimed value
Also you can claim depreciation on basic value of AC. Not to claim depreciation on input claimed value
Recent Topic
- NPS Premature withdrawl -Tier 1 Account
- Provident fund taxation
- ITR3 AY 26-27 Error in filling status
- Queries on TDS as per IT
- Capital Gains set off on Sale of Land if held for
- ITR Form for income from freelance consultancy
- Gst rate for HSN code 28530010
- Health Insurance
- India GST Mobile App
- Reporting STCG on non equity oriented MF
Related Topics
CAclubindia
