Machinery purchase
Taxable Value- 200000
Taxable value-36000
Invoice value-236000
My query is which amount calculate depreciation if input not claim in gst for capital goods
4 Replies
Hitesh rawal
(402 Points)
Replied 14 August 2019
its on 236000 as its full of your costing of the machinery.
Kapadia Pravin
(17264 Points)
Replied 14 August 2019
236000 will be your cost of acquisition for depreciation. You can add installation cost also to the machinery cost .
Rohika PS
(student)
(263 Points)
Replied 14 August 2019
Irrespective of ITC depreciation should be calculated on full amount i.e.,2.36lac
VISHNU SOLUTIONS
(2 Points)
Replied 15 August 2019
if u calculate depreciation on GST component also u can not claim ITC on capital goods.
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