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Our company purchase new car purchase rs. 429000 + 18 % gst which value claim depreciation

GOUTAM MANDAL (BADLI ) (24 Points)

18 December 2018

Our company purchase car( 429000 +77220 )= Rs. 506220.

Depercaition claim taxable value ?

Depercaition car total Value?

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4 Replies

Shubham Gupta (Business Consultants) (2077 Points)
Replied 18 December 2018

Depreciate Car Total Value Including GST

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Harshavardhan (student) (138 Points)
Replied 24 December 2018

Depreciation is calculated on Rs. 429000 so that you can claim input

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Prakash Gehani (Consultant & Teacher(Whatsapp 8718057907)) (1306 Points)
Replied 31 December 2018

Dep will be on total value including GST.
But if it is used for making the following taxable supplies, namely:—
(A) further supply of such vehicles or conveyances ; or
(B) transportation of passengers; or
(C) imparting training on driving, flying, navigating such vehicles
or conveyances;

then you can claim Input Tax credit and you can claim dep on 429000.

1 Like