Bifurcation in table no.6

This query is : Resolved

Akansha upadhaiye (Querist)
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23 January 2020 Input tax credit on bank charges will come under which heading- input, input services or capital goods.
Itc on laptop bill will come under which heading- input, input services or capital goods.
Kindly explain the bifurcation.

Akash Monwani

Akash Monwani (Expert)
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23 January 2020 Bank Charges are Charges for Services Provided by the bank .Hence that will classified under Input Services

And Assuming that you are not in business Laptops & Computers , Laptop is your Fixed Assets and will be classified under Capital Goods