can we claim depreciation on taxable Value even after we already claimed input tax credit for an asset
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Deprecation with input tax credit
Replies (4)
Depreciation will be allowed on base amount. For eg - If you bought something for Rs. 118 (100 + 18 - GST). Input tax credit was claimed for Rs. 18. Depreciation can be claimed for balance Rs. 100.
on net value after deducting input tax credit
yes depreciation can claim on taxable.
thank you all
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