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CAN CLAIM GST, VAT + CST

Issue Id: - 115686
Dated: 19-11-2019
By:- PRADEEP SHUKLA

CAN CLAIM GST


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Dear Experts,

I would like to know that company has purchased a laptop & done payment from company current account. If we take purchased in Capital Goods / Fixed Assets of company can we avail ITC for the same on invoice raised by supplier ???

Please help me in this query

With Best Regards

Pradeep Shukla

Posts / Replies

Showing Replies 1 to 2 of 2 Records

Page: 1


1 Dated: 19-11-2019
By:- SIVARAMA KUMAR

Yes ITC is eligible in full if your business consists of taxable services alone . In case you run a business partly taxable and partly exempted then you need to reverse the ITC for the exempted turnover ( common credit mechanism applicable as per the rules)


2 Dated: 19-11-2019
By:- Ganeshan Kalyani

Either GST credit or depreciation benefit one can claim in GST.


Page: 1

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