Prateek jaju
(In Practice)
(38 Points)
Replied 13 August 2019
prasad Nilugal
(3914 Points)
Replied 14 August 2019
Sajid Khan
(66 Points)
Replied 14 August 2019
prasad Nilugal
( GST Practitioner & Accounts )
(14599 Points)
Replied 14 August 2019
Dear Mr khan , Assets of the company you can claim , however as per section section 16(3) of the CGST act , Where registered person has claimed deprecation on the Tax component of the cost of capital goods and plant & machinery under the provisions of the Income tax act 1961 , the Input tax credit on the said tax component shall not be allowed .
so please check while calculating Deprecation of Asset
GSTR 9 and 9C for FY 23-24 as amended by Notification 12/2024 dated 10th July 2024(with recording)