Fire extinguisher was installed for a trading firm. We are capitaling this expense . Weather input credit is eligible under gst ?
5 Replies
MY Indians Tv
(292 Points)
Replied 14 May 2019
but you should not claim depreciation as per it act on it
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.
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