Depreciation

M.R. B. (49 Points)

19 September 2018

ITC has been taken on the purchase of a laptop. now can I charge depreciation on that laptop? If yes/not then why?

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Pankaj Rawat (GST Practitioner) (55052 Points)
Replied 19 September 2018

Yes you can claim depreciation but on the Amount Before GST amount on Taxable Amount

M.R. B. (49 Points)
Replied 19 September 2018

Laptop's taxable amt was rs.27000/- & cgst rs2430 + sgst rs 2430/- now what would be the amt on which depreciation may be claim

Pankaj Rawat (GST Practitioner) (55052 Points)
Replied 19 September 2018

ITS 27000/- ON WHICH DEPRECIATION TO BE CHARGED

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