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.
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.
Yes You can take input credit
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)
Naveen Fintech Pvt Ltd
Kolkata
CA Inter
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Gupta Sachdeva & Co. Chartered Accountants
New Delhi
CA Final
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CAclubindia
