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EITHER TAKE DEPRECIATION OR AVAIL ITC ON CG.

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(Querist)
28 December 2019 Respected Sir/Madam
What is beneficial for me ,Either to take Depreciation or avail Input tax Credit on Capital Goods.
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CS Advocate Abhishek Goyal

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CS Advocate Abhishek Goyal (Expert)
28 December 2019 Beneficial to take ITC on capital goods as this will considerably reduce your tax liability in GST. For this you can forgo depreciation on GST component of cost of capital goods.
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Gokul Sharma

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Gokul Sharma (Expert)
29 December 2019 yes taking itc is beneficial
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