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.
6 Replies
CA Naveen Chand
(Chartered Accountant)
(12739 Points)
Replied 08 September 2017
yes , but bill mentioned your business gstin then only you can claim
Dhirajlal Rambhia
(SEO Sai Gr. Hosp.)
(195202 Points)
Replied 08 September 2017
Yes..... but then depriciation cannot be availed.
Chhatra Singh Dugar
(1464 Points)
Replied 08 September 2017
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.)
(195202 Points)
Replied 09 September 2017
Yes, Correct..........
RAJA P M
("Do the Right Thing...!!!")
(128106 Points)
Replied 09 September 2017
Yes. You are correct Mr. Chhatra Singh.,
ITC available for the GST portion. Depreciation is on asset portion.
ITC available for the GST portion. Depreciation is on asset portion.
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