Itc on mobile
aman goyal (125 Points)
26 October 2019
pls confirm itc avliable or not in prop frim on purchase of new Mobile
6 Replies
prasad Nilugal
( GST Practitioner & Accounts )
(14870 Points)
Replied 26 October 2019
1) Mobile must be used for Business purpose
2) you must have correct Tax Invoice , GSTN no of supplier
3) You must actually received mobile from supplier
4) supplier must pay GST collected from you to GOVT account against invoice
5) you must file GST return
To avail Input Tax credit On Mobile as per section 16(2) of the CGST act 2017
Hardik
(Professional)
(918 Points)
Replied 26 October 2019
Yes, you can take credit if it's exclusively used for business purposes... if used for personal purposes as well, you need to apportion the credit and reverse certain part of ITC as per the rules...
aman goyal
(125 Points)
Replied 26 October 2019
Sir what's the method of apportion personal & business
kunal lodwal
(2 Points)
Replied 26 October 2019
Sir what's the method of apportion personal and business use
subhagan sreerangam
(7057 Points)
Replied 27 October 2019
You can take ITC of mobile exclusively used for business purposes,but if used for personal use taken ITC reverse as per the rules .
MOHIT JOSHI
(229 Points)
Replied 29 October 2019
You have to apportionment of Itc as per rule 43 of cgst act
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