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ITC / Input 344 views 4 replies
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ceo
35 Points Posted on 30 August 2019
hello guy's


I recently Purchase mobile from Amazon business under my firm name for my business purposes.

my question is whether we are eligible for GST credit.
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On 30 August 2019 at 20:03 Report
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Chartered Accountant
1147 Points Posted on 30 August 2019

If business purpose, yes - available...

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On 30 August 2019 at 20:47
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Student
23693 Points Posted on 30 August 2019
If it is used in the course of business, then YES you can claim ITC provided that all the 4 conditions as laid down u/s 16(2) of the CGST Act 2017 is satisfied.

Did you provided your GSTIN at the time of Purchase ???
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On 30 August 2019 at 21:06
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CA Article
105 Points Posted on 30 August 2019

I would say apportion the ITC in 40:60 ratio for personal:business purpose if it's a smartphone. To be on the safer side.

 

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On 30 August 2019 at 22:04
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Tax Consultant
1024 Points Posted on 02 September 2019
if you have purchased for business purposes and there is GST no mentioned on the bill then you can take credit
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On 02 September 2019 at 21:22


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