I am having a small trading business of toys and regularly file GST return. However, business income is not much,,hence no income tax is payable.
If I buy laptop for office work in the name of business firm, will I be able to save any tax benefits.
Please guide.
For claiming the input credit under GST while buying laptops for your firm/company, you must get a tax invoice or debit note from a GST-registered laptop supplier. ... The input tax credit is valid when the supplier pays the taxes collected from you, so any claim made by you is matched then validated.
For claiming the input credit under GST while buying laptops for your firm/company, you must get a tax invoice or debit note from a GST-registered laptop supplier. ... The input tax credit is valid when the supplier pays the taxes collected from you, so any claim made by you is matched then validated.
Yes, you can purchase the laptop in the name of the business. Give your GSTIN at the time of purchase of the Laptop. This will help you to take the ITC benefit of GST.
Further, depreciation can help in taking the benefit under Income Tax
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