TMI BlogGST CREDIT ON MOBILE AND COMPUTER USE FOR FACTORY OFFICEX X X X Extracts X X X X X X X X Extracts X X X X ..... SIR, WE HAVING A EXCISE ABLE GOODS MANUFACTURING UNIT. NOW WE PURCHASE ONE COMPUTER AND ONE MOBILE FOR FACTORY OFFICE USE. KINDLY LET ME KNOW WHETHER WE TAKE GST CREDIT ON COMPUTER AND MOBILE ..... X X X X Extracts X X X X X X X X Extracts X X X X ..... WHICH USE FOR FACTORY OFFICE.. PL GIVE US YOUR VALUABLE SUGGESTION. THANKING YOU - Reply By Alkesh Jani - The Reply = Sir, In this regards, Computer can be considered as capital goods and mobile ..... X X X X Extracts X X X X X X X X Extracts X X X X ..... if purchased in the name of firm, same shall be recorded in the books of Account. ITC can be availed as same is not mentioned in Section 17(5) of the CGST Act,2017 ,but the provisions of Section 1 ..... X X X X Extracts X X X X X X X X Extracts X X X X ..... 6(3) shall apply, so while taking the ITC of the computer and mobile the depreciation cannot be claimed under the provisions of Income tax or else the input tax credit on the said tax component shall ..... X X X X Extracts X X X X X X X X Extracts X X X X ..... not be allowed. The Rule 44 of the CGST Rules, 2017 may also be considered for reversal If any. - Reply By Ganeshan Kalyani - The Reply = Input tax credit is eligible on both computer and mobi ..... X X X X Extracts X X X X X X X X Extracts X X X X ..... le . - Reply By KASTURI SETHI - The Reply = ITC allowed. I support the views of both experts. - GST CREDIT ON MOBILE AND COMPUTER USE FOR FACTORY OFFICE - Query Started By: - BHAKTIKANT BHATT Dat ..... X X X X Extracts X X X X X X X X Extracts X X X X ..... ed:- 14-3-2018 Goods and Services Tax - GST - Got 3 Replies - GST - Discussion Forum - Knowledge Sharing, reply post by an expert, personal opinion Tax Management India - taxmanagementindia - taxman ..... X X X X Extracts X X X X X X X X Extracts X X X X ..... agement - taxmanagementindia.com - TMI - TaxTMI - TMITax ..... X X X X Extracts X X X X X X X X Extracts X X X X
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