I purchased iphone for business use
my business is garments
can i take gst itc ?
9 Replies
Gaurav Meena
(2 Points)
Replied 20 February 2023
Yes, you can if it is useful for furtherance of business. otherwise big no.
Eswar Reddy S
(CFO- at NHTF)
(58270 Points)
Replied 20 February 2023
If the iPhone is bought in the name of business and the GST number is given to the seller and if it is reflecting in GSTR-2B then you can claim ITC
sabyasachi mukherjee
(27574 Points)
Replied 21 February 2023
Provided used for furtherance of business.
APURBA CHATTERJEE
(QUALIFIED CHARTERED ACCOUNTANT)
(604 Points)
Replied 21 February 2023
Yes, you can take ITC provided bill should be in the name of your business.
Prem Monani
(12 Points)
Replied 21 February 2023
dont sale it for 5 years otherwise you have to reverse ITC
Eswar Reddy S
(CFO- at NHTF)
(58270 Points)
Replied 22 February 2023
Is the invoice in the name of business?
CA Sachin M Jain
(CA | GST | Refunds | Advisory | Litigation)
(1337 Points)
Replied 22 February 2023
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