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ITC of computer

Yasir (article assistant ) (437 Points)

04 April 2023

Computer purchase for office use

Cost 55000
Cgst 4950
Sgst. 4950

Total 64900
Date of purchase 15/03/2023

Should I claim full ITC of rs 9900 claim in gstr 3b for the month of March 2023

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7 Replies

prasad Nilugal ( GST Practitioner & Accounts ) (14217 Points)
Replied 04 April 2023

No , Do not claim input tax credit in the month of March 23 , because as per section 16(2) of CGST Act , one of the condition is ITC must reflect in GSTR2B, also you have to fulfil. all the conditions in section 16 (2) of the CGST Act.

Yasir (article assistant ) (437 Points)
Replied 04 April 2023

ITC reflected in March 2023 Gstr 2b then I will claim ITC

Pankaj Rawat (GST Practitioner) (55037 Points)
Replied 04 April 2023

Yes one of the condition to claim ITC

prasad Nilugal ( GST Practitioner & Accounts ) (14217 Points)
Replied 05 April 2023

Yes, You Can claim after reflecting in GSTR2B, also you have to fulfil other conditions in section 16(2) as follows.
1) You must have Tax invoice
2) You must receive computer in your office
3) Supplier must deposit GST collected from you in Govt Account.
4) You returns must be updated.

CA Mayank A Jain (Chartered Accountant in Practice) (1094 Points)
Replied 05 April 2023

Yes, you can claim full ITC in March GSTR-3b provided all other conditions are satisfied.

sabyasachi mukherjee (26219 Points)
Replied 06 April 2023

You can claim full input tax credit.

prasad Nilugal ( GST Practitioner & Accounts ) (14217 Points)
Replied 06 April 2023

One more condition is added from 1/10/2022 for Input Tax Credit is that Credit appearing in GSTR2B ,should not restricted under section 38 of the CGST Act 2017. please refer section 38 of the CGST Act .