input credit

g mahesh Mundra (Business and tax consultant) (3296 Points)

27 May 2018

if a dealer purchases air conditioner for his showroom can he claim ITC for that

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5 Replies

Pankaj Rawat (GST Practitioner) (55052 Points)
Replied 27 May 2018

Yes ,... 💯 Percent he can avail ITC

Vinod Babu (24191 Points)
Replied 27 May 2018

Yes you can claim ITC if your air conditioner purchase Bills is B2B.

g mahesh Mundra (Business and tax consultant) (3296 Points)
Replied 28 May 2018

then for that can I claim depreciation

Pankaj Rawat (GST Practitioner) (55052 Points)
Replied 28 May 2018

Yes , depreciation can be claim on value before Tax (on taxable value)

Vinod Babu (24191 Points)
Replied 28 May 2018

No ITC will be allowed if depreciation has been claimed on tax component of a capital goods.

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