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Is it mandate to claim itc on a purchased item wrt expense?


Indian Construction Company   30 July 2017

Indian Construction Company

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we are Govt. Civil-Engg. Works Contractor, (this is the first time we enrolled ourselves with GST/VAT etc.. we were unregistered-before for past many years) 
our partnership-firm has brought a computer today, as-well-as we have some post-paid mobile phones from past few years (which are used for day-to-day office work) , 
Now, is it necessary that, we have to claim ITC on the purchased computer today & monthly mobile bills we recieve every month ? to show them as an expence for our partnership-firm? 
or; 
we can show them as our partnership-firm's expence without claiming ITC like we used to do before enrolling into GST ? 

avater

Sandeep Upadhyay   30 July 2017

Sandeep Upadhyay

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Expense for furtherance of business so ITC available

avater

Sandeep Upadhyay   30 July 2017

Sandeep Upadhyay

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Yes if registered return filing is mandatory

Shams (Consultant)     31 July 2017

Shams
Consultant 
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Originally posted by : Indian Construction Company

we can show them as our partnership-firm's expence without claiming ITC like we used to do before enrolling into GST ? 

Yes, you can show it as expense without claiming ITC.

ITC is a benefit that you can choose to take or not.

 

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