Gst expense
Ankit Rikhi (567 Points)
09 May 2018
i bought a mobile phones for use own purpose like business using can i claim itc under gst accounting entries.
8 Replies
Bhagyashri Jain
(554 Points)
Replied 09 May 2018
If it is for personal use than u cannot claim ITC, you can claim ITC if it is for business use
CA Shanky garg
(Practicing Chartered Accountant)
(217 Points)
Replied 09 May 2018
Yes. If it is used only for business, then u can claim whole amount as ITC but if used for both personal and business, then proportionate amt. (as per GST provisions) will be eligible for ITC.
Fatin Nizami
(338 Points)
Replied 09 May 2018
If used for personal use then ITC cannot be claimed.
If used for business purpose then ITC can be fully claimed.
C.M. SARAVANAN
(ADVOCATE /TAX CONSULTANT)
(53 Points)
Replied 10 May 2018
Yes we cant calim ITC Others then Supply and Service
C.M. SARAVANAN
(ADVOCATE /TAX CONSULTANT)
(53 Points)
Replied 10 May 2018
we should collect bill from supplier / Survcier mention our own GST Can Claim ITC sir
CA Naveen Chand
(Chartered Accountant)
(12734 Points)
Replied 10 May 2018
yes u can avail credit of gst
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