ITC on purchase of assets for commercial purpose

09 September 2018

if a person purchased a laptop for his commercial purpose then can he avail credit of GST paid on purchase of laptop.

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3 Replies

Rohit Tibrewal (Student & Senior Accountant) (3193 Points)
Replied 09 September 2018

Yes input available.

Input tax credit is allowed on capital goods. Input tax is not allowed for goods and services for personal use.

Pankaj Rawat (GST Practitioner) (55057 Points)
Replied 09 September 2018

Yes you can claim ITC ........

Vinod Babu (24196 Points)
Replied 09 September 2018

Yes, you can claim ITC when the invoice bears gstin and company name in it.

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