29 December 2020
If I purchased an Asset worth Rs.100000/- for our office they charged GST of Rs.4500/- in the bill.
Clarification:-
1. Shall we take input tax credit of this GST paid
2. After taking credit shall we able to claim Depreciaton on this Asset. ? in which amount ? ( including of GST or excluding of GST) please specify with provision for reference.
CAclubindia
