Adaikkalaven Muthu (113 Points)
28 July 2023
CA. Roopali Kadam
(Jobs on assignment basis.)
(1453 Points)
Replied 03 August 2023
Yes, You can take ITC on Capital Goods and Depreciation as well.
But depreciation will be only on the amount capitalised without ITC.
If you have capitalised ITC also, then you can claim depreciation on it but cannot claim that ITC in GST
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