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Tax credit on computer buyed by firm

ITC / Input 290 views 4 replies

Hello, i am employee to a firm and the firm buyed a laptop for me for office use... The firm deals in steel as its product. Engaged in buying and selling steel. Further, while buying laptop, company paid GST on it.. 

Question is shall this GST be deducted against company's goods sale? Can GST paid be claimed back. 

Replies (4)
Yes. Your company is eligible to claim ITC of gst paid on laptop since the laptop is used in the course of business.
Thanks for the reply and for bringing clarity on this.
Can we take the input on office furniture coller and chair
yes..


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