Itc on mobile

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accounts manager
263 Points Posted on 17 November 2020
itc for mobile phone can be taken? if purchased in the partnership business
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On 17 November 2020 at 22:29 Report
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Quick Summary
Yes, you can claim Input Tax Credit (ITC) on mobile phones if they are used for business purposes. Provided all four conditions under Section 16(2) of the CGST Act 2017 are met, ITC can be claimed on mobile phones purchased through a partnership business.

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Accountant
3662 Points Posted on 17 November 2020
Yes

You can claim ITC if business use

No restrictions
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On 17 November 2020 at 22:44
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Student
23693 Points Posted on 17 November 2020
If it is being used in the course of business, then YES Input Tax Credit on Mobile Phone can be claimed provided that all the Four conditions as laid down U/s 16(2) of the CGST Act 2017 for claiming ITC has been satisfied...
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On 17 November 2020 at 23:20

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