ITC Claim on laptop

yes you can claim itc of gst and depreciation on basic value but remember to take only basic value in assets and not gst value.

computer a/c        dr        100

gst ac dr.                            18

to bank or creditor                                 118

you can take ITC of the GST amount paid on the purchase of laptop. But, in case ITC is taken then depreciation is not available on this GST amount.

For Eg.
laptop value is 1000 and GST is 100
you may claim ITC of 100 and depreciation is then available on 1000 only. in case you dont claim ITC then depreciation is available on whole 1100.

hope this clarifies.

you can take ITC of the GST amount paid on the purchase of laptop. But, in case ITC is taken then depreciation is not available on this GST amount.

For Eg.
laptop value is 1000 and GST is 100
you may claim ITC of 100 and depreciation is then available on 1000 only. in case you dont claim ITC then depreciation is available on whole 1100.

hope this clarifies.

ITC can be claimed on LAPTOP 

and depreciation will be allowed on value of asset (net of ITC) 

good explain with the example