Mobile phones input
Jilani Silawat (21 Points)
03 October 2021
Is gst input claimmable on purchase of new mobile phones? Nature of business is seperate though plz advise
4 Replies
sandip sawant
(16 Points)
Replied 03 October 2021
If you purchase mobile phones for personal use then it is come under section 17 list and itc is blocked.
Modi Abhishek
(llb)
(59 Points)
Replied 03 October 2021
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.
sandip sawant
(16 Points)
Replied 03 October 2021
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.
sabyasachi mukherjee
(27858 Points)
Replied 04 October 2021
NO SANDIP ITS ON THE BASIS OF VALUATION OF MOBILE PHONE.
DEPENDING ON THE POLICY OF THE COMPANY AND RULES FRAMED BY COMPANIES ACT 2013 AND IT ACT.
DEPENDING ON THE POLICY OF THE COMPANY AND RULES FRAMED BY COMPANIES ACT 2013 AND IT ACT.
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