Input credit on fixed assets

NIRMAL SHARMA (G.M. ACCOUNTS & FINANCE)   (83 Points)

04 August 2017  

Sir,

We have an Pvt Ltd. company. Purchased Laptop worth Rs. 48305.08 plus GST of Rs. 8694.92, Total of Rs. 57,000/-. My Question is that can we take input credit on purchase of Laptop. And, What is the limit of purchase of Fixed Assets in which a company can avail ITC.