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Itc on mobile
pls confirm itc avliable or not in prop frim on purchase of new Mobile
Replies (6)
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
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...
Sir what's the method of apportion personal & business
Sir what's the method of apportion personal and business use
You can take ITC of mobile exclusively used for business purposes,but if used for personal use taken ITC reverse as per the rules .
You have to apportionment of Itc as per rule 43 of cgst act
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