becker cma

Updated CA/CS/CMA Online/Pendrive/Download classes available for May 21/ Nov 21 attempt. Call: 088803-20003

coaching
Prodamy

Share on Facebook

Share on Twitter

Share on LinkedIn

Share on Email

Share More

ITC IN COMPUTER/LAPTOP


ajay devgan   09 November 2020

ajay devgan

 2 likes  40 points

| My Other Post
Hello sir
My clint is also trading of Good (FMCG)
He buying a laptop then
Can i claim input tax
Shivam RC

Shivam RC (Student)     09 November 2020

Shivam RC
Student 
 2963 likes  23468 points

View Profile | My Other Post
If it is being used in the course of business, then YES your client can claim Input Tax Credit ( ITC ) on laptop provided that all the Four conditions as laid down under Section 16(2) of the CGST Act 2017 is satisfied.

But if used for Personal Purpose, then the ITC is BLOCKED U/s 17(5) of the CGST Act 2017.
1 Like
ajay devgan

ajay devgan   09 November 2020

ajay devgan

 2 likes  40 points

View Profile | My Other Post
Thanks sir
Shivam RC

Shivam RC (Student)     09 November 2020

Shivam RC
Student 
 2963 likes  23468 points

View Profile | My Other Post
Your most Welcome Sir...
Sumit Kothari

Sumit Kothari   16 November 2020

Sumit Kothari

 1 likes  13 points

View Profile | My Other Post
If I have purchased scooter for business purpose then I claim input itc

Leave a reply

Your are not logged in . Please login to post replies

Click here to Login / Register  





Trending Tags