banner_ad

ITC on purchase of assets for commercial purpose

ITC / Input 216 views 3 replies
User Avatar

26 Points Joined June 2018
if a person purchased a laptop for his commercial purpose then can he avail credit of GST paid on purchase of laptop.
0 Reply Share Follow
On 09 September 2018 at 18:51 Report
Replies (3)
User Avatar

Student
3193 Points Joined February 2011
Yes input available.

Input tax credit is allowed on capital goods. Input tax is not allowed for goods and services for personal use.
Reply
On 09 September 2018 at 19:30
User Avatar

GST Practitioner
55067 Points Joined June 2017
Yes you can claim ITC ........
Reply
On 09 September 2018 at 20:02
User Avatar

24196 Points Joined May 2018
Yes, you can claim ITC when the invoice bears gstin and company name in it.
Reply
On 09 September 2018 at 21:07

Summarize this with AI
ChatGPT Perplexity Claude Google AI Grok

CCI Pro

Leave a Reply

Post Reply

Your are not logged in . Please login to post replies

Click here to Login / Register  

Recent Threads

More recent discussions | Post

Related Threads
Loading

Latest Job Openings

View all
Company
Featured ARTICLESHIP 19 March 2026
Article Assistant

Gupta Sachdeva & Co. Chartered Accountants

New Delhi

CA Final

View Details
Company
Featured 29 April 2026
Manager- Finance and Compliance

Naveen Fintech Pvt Ltd

Kolkata

CA Inter

View Details
Company
Featured 28 March 2026
CA Final

Ashok Amol & Associates

New Delhi

CA Final

View Details
Company
Featured 14 April 2026
GST CONSULTANT

Abhishek G Agrawal & Co.

Korba

CA Final

View Details
Company
Featured 28 March 2026
Accountant

Ashok Amol & Associates

New Delhi

B.Com

View Details
Company
Featured 13 April 2026
GST CONSULTANCY

Abhishek G Agrawal & Co.

Korba

CA Final

View Details