Dear Sir,
We have done this on November 17 , Laptop purchase for business use , and CCTV , DVR, hard disc, cable purchase for business godown and office security purpose can we take 100% itc on these purchases and it's necessary to itc reversed under rules 42,43
example (itc value is 10000 / 60 = 166.67 ) in gstr3b itc reversal rules 42, 43 itc value Rs.10000 - 166.67 = Rs.9833.37 return to govt and claim itc per month 166.67 for next 59 month's
kindly help me we continue asked about its ,
Arshad
itc reversed on capital goods purchase
Replies (3)
I think , In place of monthly input, You should use this input 10000 / 5=2000/- , For capital goods you can take 100% input but you have to use this input in 5 years.
100% itc available on purchase of capital good used for business purpose and not used for exempt supply as well as zero rated supply.
मेरे सवाल के जवाब के लिए धन्यवाद , एक सवाल ये है मुझे पहले rule 42,43 के अंतर्गत पहले पूरा input return Karna Hoga aur yearly 20% itc claim Karun next 5 year's tak
Please clear it's
Regards
Arshad
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