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ITC

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(Querist)
25 September 2017 If purchased computer for business use, can I get ITC?
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CMA. CS. Sanjay Gupta

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CMA. CS. Sanjay Gupta (Expert)
25 September 2017 Yes. You can avail ITC of GST paid on Purchase of Computer which is used for Business. Please ensure Computer is capitalized and depreciation is claimed on amount excluding GST.
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jitendra

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jitendra (Querist)
25 September 2017 how to create entry in day book? computer purchase account is under purchase account or under movable property account?
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CMA. CS. Sanjay Gupta

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CMA. CS. Sanjay Gupta (Expert)
25 September 2017 Computer will be under Fixed Assets head.
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jitendra

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jitendra (Querist)
28 September 2017 entry creat under purchase entry or under jeneral entry?
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CMA. CS. Sanjay Gupta

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CMA. CS. Sanjay Gupta (Expert)
28 September 2017 Through Journal Entry.....
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jitendra

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jitendra (Querist)
28 September 2017 then how to show GST in gstr 2 for claim ITC?
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CMA. CS. Sanjay Gupta

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CMA. CS. Sanjay Gupta (Expert)
28 September 2017 You dont need to show, when supplier uploads his GSTR1 it will be appear in your GSTR 2.
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