purchased 1.5 Mitsubishi air condition by raising invoice in the name of business firm. Having business of Papad & Pickles supply. Can I claim 100% ITC with out any refund or reverse of credit????
5 Replies
CA. Sourav Sarkar
(Chartered Accountant )
(24588 Points)
Replied 09 June 2021
If depreciation is claimed then ITC cannot be claimed otherwise ITC can be claimed
CA Altamush Zafar
(GST Consultant)
(15986 Points)
Replied 10 June 2021
You claim ITC and then you utilise that ITC when paying GST on your sales
Recent Topics
- TDS adjustment in Late fee
- Merger of Pvt Ltd Co
- Gstr table 12
- Error while filing ITR 2
- ITR-2 JSON upload gives "Caught Error Descrip
- Complaiczles Of Pvt Ltd. co
- ITR-2 Excel Utility for AY-2025-26, My Update on u
- Form 26AS shows a credit and tax deduction under A
- GSTR-1 Export Invoice Query - Partial Payment Rece
- TDS u/s 194-IA - Joint Ownership in Sale Deed, Ful
Related Threads
Trending Online Classes
-
Certification Course on GSTR-3B Reconciliation with GSTR-2B through AI Tools
CA Deepak Gupta15 July 2025
CAclubindia
