Dear Team,
We are in Dslr camera Rental Business. And we purchased Dslr Camera and giving rentals to the customers. Now my doubt is can we take full Input Tax Credit from the Dslr purchase bill or we cannot take the Input Tax credit.
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input Tax Credit on Fixed Asset Under GST
Replies (9)
You can claim ITC.
Weather it is full amount can we claim in same month or what is the procedure.
Yes,full ITC amount claim in same month
when the goods purchased will be used in the furtherance of business. Whenyou purchase goods, they will be issuing GST invoices and you can claim the credit based on the invoice while filing your return.
So we can use full GST input Credit right
Yes.
yes you can avail itc fully.
because it is furtherance of business.
because it is furtherance of business.
Whole input Tax Credit can be taken in single month or like excise duty method.
yes can claim full tax amount
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