Input tax credit

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629 Points Posted on 09 July 2020
Dear Sir,

we have purchased investor+ battery for office . Bill reflect in 2A can I claim ITC and deprecation on invertor
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On 09 July 2020 at 13:38 Report
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Quick Summary
This discussion clarifies whether Input Tax Credit (ITC) and depreciation can be claimed on an inverter and battery purchased for office use, provided the bill appears in Form 2A. The consensus is that while ITC can be claimed on the GST paid, you cannot claim depreciation on the GST portion of the inverter and battery if you opt for ITC.

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3235 Points Posted on 09 July 2020
Yes you can..
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On 09 July 2020 at 13:58
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4510 Points Posted on 09 July 2020
Originally posted by : Naveen Kumar
Dear Sir,we have purchased investor+ battery for office . Bill reflect in 2A can I claim ITC and deprecation on invertor

If You claim ITC of  GST Paid than You are not eligible to claim Deprecation of GST Portion of Battery & Invertor

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On 09 July 2020 at 14:14

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