WE HAVE PURCHASED CCTV CAMERA FROM A VENDOR & THE SAME VENDOR INSTALLED THE CCTV CAMERA IN MY FACTORY PREMISES. HE HAS CHARGED CCTV CAMERA COST & ITS INSTALLATION IN SAME BILL. SO DID I WILL GET ITC ON THE BILL.
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Is input itc available on cctv camera & its installation
Replies (8)
Yes You can take input credit
Yes you will get ITC on CCTV and it's installation.
Yes , you can claim ITC & should have Tax Invoice for the same
No thise are fixed assets & you can't be sold.
Yes, you can ITC on CCTV and installation if the invoices bears GSTIN number and company name.
NO you did not take ITC on that because that is Despicable assets if you have take ITC on GST then you did not take deprecation vis versa.
yes you can take ITC GST & along with that depreciation on the basic amount (companies act & IT Act)
Yes , you can claim ITC & should have Tax Invoice for the same
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