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Related to ITC

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is GST can be availed on smart phone purchased for business purpose?
Replies (5)
yes Becoz its for business purposes not personal
ia that bill should contain our GSTIN number to claim ITC
Yes, you can claim in 60 installments, if purchased as capital asset
In case of capital asset, itc can be claimed fully in the month of purchase.. since capital asset is presumed to have 60 months useful life any personal use of them leads to reversal during 60 months
Yes you can subject to section 17(5) of cGsT 2017.


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