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Itc credit

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can we purchase laptop with gst number bill and can we claim itc credit of laptop if yes plz explain ..?
Replies (5)
ITC can be claimed , but if it is claimed the depreciation in P/L cannot be debited.
Ok sir thank u.
1. You can claim GST ITC if GST number mentioned on bill ect.....as per Sec 16 of CGST Act, 2017.
2. You also can claim depreciation as per Income tax Act, 1961 on laptop if capitalised in Books of account but only on value excluding GST (i.e on value before GST)
Yes but no depreciation is allowed and bill should be on companies name
Yes if you have gst number you can claim credit and the you can charge depreciation on laptop value (excluding GST ) eg mobile 13000 gst 2000 total value 15000
you can claim 2000 as credit and can charge dep on 13000


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