Fire extinguisher was installed for a trading firm. We are capitaling this expense . Weather input credit is eligible under gst ?
MY Indians Tv
(292 Points)
Replied 14 May 2019
Kunal Mittal
(FINANCE OFFICER)
(580 Points)
Replied 14 May 2019
Yes, very right itc is available but depreciation is available only on basic value and not on gst.
GSTR 9 and 9C for FY 23-24 as amended by Notification 12/2024 dated 10th July 2024(with recording)
CAclubindia
