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ITC on Mobile

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Manohar Singh

288 Points Posted on 02 February 2021

sir
can I take itc for Mobile purchased on my GST no

thanking you

Replies (2)

Quick Summary

Yes, you can claim Input Tax Credit (ITC) on mobile phones purchased for your business under GST. ITC allows you to reduce your tax liability by claiming credit for the GST paid on eligible business purchases. To claim ITC on a mobile, ensure the purchase invoice includes your GSTN, which will then be reflected in your GSTR-2A.

Rama chary Rachakonda

Master in Accounts & high court Advocate

9620 Points Posted on 02 February 2021

Yes. You can take. Input Tax Credit or ITC is the tax that a business pays on a purchase and that it can use to reduce its tax liability when it makes a sale. In other words, businesses can reduce their tax liability by claiming credit to the extent of GST paid on purchases.