Dear sir
We are GST traders of dry chilli sales. We are going to purchase water purifier cost of above 2lakh. Now can we take itc for this. Pls ans
Hi,
If water purifier is used for business purpose then it is fixed asset for the company.
Here company has two option. Any one of them can be followed:
1. To take depreciation
2. To avail ITC
yes, you can claim ITC but do not capitalize the tax part in your books
O P Bagla & Co LLP
New Delhi
CA Inter
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