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Itc issue
I purchased a computer for business purposes, not for selling, who I used ITC in GST . cost of computer is Rs. 61000 including Rs 12000 GST. how I calculated ITC .
Replies (2)
Book 49000/- In Computer (U der Fixed Assets), 12000/- in GST input
Computer A/c. Dr. 49000/-
GST Input. A/c. Dr.12000/-
To Supplier A/c. Cr. 61000/-
Computer A/c. Dr. 49000/-
GST Input. A/c. Dr.12000/-
To Supplier A/c. Cr. 61000/-
Good explanation by Pankaj sir...
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