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Input tax credit

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629 Points Posted on 23 June 2020
Dear Sir,

we have brought Air conditioner for office purpose. Can we Claim ITC on Ac bill.
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On 23 June 2020 at 15:16 Report
Replies (4)
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Consultant
1891 Points Posted on 23 June 2020

Yes, you can claim ITC. 

 

1 Reply
On 23 June 2020 at 16:20
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MANAGER HR/admin/com
2972 Points Posted on 23 June 2020
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.
5 Reply
On 23 June 2020 at 16:25
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21 Points Posted on 24 June 2020
If you claimed the input you are not eligible to claim depreciation

if u want to claim depreciation
pls dnt take ITC
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On 24 June 2020 at 00:15
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106 Points Posted on 25 June 2020
You can claim Input on AC.
Also you can claim depreciation on basic value of AC. Not to claim depreciation on input claimed value
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On 25 June 2020 at 22:47


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