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ITC ON PURCHASE OF NET WORKING DEVICES

P MURUGAN (ACCOUNTANT) (179 Points)

28 August 2019

Can an assesse avail ITC on purchase of net working devices like computers,CCTV, Access controller, electromagnetic door lock unit etc?

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3 Replies

Kallol Sarkar (Accountant) (188 Points)
Replied 28 August 2019

Yes. GST ITC available if the said equipments are used in furtherance of business.

Shivam RC (Student) (23683 Points)
Replied 28 August 2019

Yes you can claim ITC provided that the devices are being used in the course of or furtherance of business and all the 4 conditions as laid down u/s 16(2) of the CGST Act 2017 have been complied before claiming ITC.

Uttam (employee) (814 Points)
Replied 05 September 2019

Yes you can if it's in course or furtherance of your business and not for personal use.

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