I purchased one computer for business purpose for Rs. 40000.00 + GST Rs. 11200.00
can i eligible to take ITC of Rs. 11200.00
clarify me
Thanks in advance
Menu
ITC ON Fixed Assets
Replies (2)
Yes you can take the ITC , But you can't capitalize that gst amount for depreciation.
be careful about section 17 and rule 43 about reversal of itc in relation to use for personal purposes
Recent Topics :
- Foreign remittance
- Affordable Residential Flats in Gurgaon
- Manufacturing
- TAN REGISTRATION ON E-FILLING SITE
- Form 10-IEA – Continuing Old Regime
- Income tax act 2026
- Belated Return where Form 10IEA filed this year to
- GST Reconciliation Tool (2A vs Books) - looking fo
- TDS ON PF FORM 19 WITHDRAWAL
- Can a virtual office in Mumbai be used for company
Related Topics :
CAclubindia
