nitin (student) 08 September 2017

Itc availability on purchase of smart phone

I am a service provider. I have purchased a smart phone which I am using for business purpose. Can I take ITC on my purchase of smart phone.

NAVEEN CHAND (GST Practitioner) 08 September 2017

yes , but bill mentioned your business gstin then only you can claim

1 Like

Dhirajlal Rambhia (SEO Sai Gr. Hosp.) 08 September 2017

Yes..... but then depriciation cannot be availed.

1 Like

Aman Gupta 08 September 2017

Yes if u registered in gst then u can take itc

1 Like

In my opinion depreciation is not allowed on the amount of ITC claimed not on whole capital asset. Am I right?

Dhirajlal Rambhia (SEO Sai Gr. Hosp.) 09 September 2017

Yes, Correct..........

RAJA P M ("Do the Right Thing...!!!") 09 September 2017

Yes. You are correct Mr. Chhatra Singh.,
ITC available for the GST portion. Depreciation is on asset portion.