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

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

Depercaition claim taxable value ? 

Depercaition car total Value?

Replies (4)

Depreciate Car Total Value Including GST

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

thank you.

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