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Claiming Of ITC

shivam bhatia (231 Points)

10 September 2020

Can I Claim ITC on Purchase Of Mobile Phone Used for Business Purpose?

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CA Sunil Kumar (Chartered Accountant) (4519 Points)
Replied 10 September 2020

Off course. Why not. If mobile phone is purchased to use in your business activities, you can definitely claim it.

Make sure seller gives you Tax Invoice containing following details.

His firm's name, address & valid gst no.

Your firm's name, address & valid gst no.

Hsn no. of mobile phone

Gst tax rate and gst amount charged.

Most Important is he should upload this invoice in his monthly / quarterly gst return

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prasad Nilugal (3914 Points)
Replied 10 September 2020

You can not claim Depreciation on GST component ,if you claim ITC .

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