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ITC on purchase of assets for commercial purpose

ITC / Input 234 views 3 replies
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26 Points Posted on 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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On 09 September 2018 at 18:51 Report
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Student
3193 Points Posted on 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.
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On 09 September 2018 at 19:30
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GST Practitioner
55067 Points Posted on 09 September 2018
Yes you can claim ITC ........
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On 09 September 2018 at 20:02
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24196 Points Posted on 09 September 2018
Yes, you can claim ITC when the invoice bears gstin and company name in it.
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On 09 September 2018 at 21:07


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