Is gst input claimmable on purchase of new mobile phones? Nature of business is seperate though plz advise
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Quick Summary
This discussion explores whether GST input tax credit is claimable on the purchase of new mobile phones. Generally, if a mobile phone is used purely for personal use, the input tax credit is blocked. However, if the phone is used for business purposes, even partially, the input tax credit may be claimable. It's recommended to treat such phones as fixed assets and claim depreciation, though this remains a litigated area with no definitive government clarification yet.
Mobile is use for business purposes as well as personal purpose so assess can take credit of it.also treat it in Account as Fixed Asset and Take depreciation of it. Still taking credit of mobile is litigated issue but till date government not issue any clarification.
If you showing mobile phone as a fixed assets then you can eligible to claim gst input on such assets. but pls confirm gst component is not capitalised.