we have purchase one laptop 2 months back, due to some reason laptop screen was crash. installed new screen on laptop, can we capitalised this expesnes? can we take GST input on this expneses.
3 Replies
Sourav
(Student)
(42 Points)
Replied 19 February 2018
yes you can claim ITC on the amount paid for laptop screen and you can also capitalize the cost excluding GST to the cost of the laptop
CA Mayank A Jain
(Chartered Accountant in Practice)
(1260 Points)
Replied 15 May 2024
Yes, you can claim the ITC in the absence of any specific restriction under the GST law.
You should capitalise the expense provided the benefit is expected to be received for a period more than 1 year.
CA Anoop Kumar Sharma
(Accounts Manager)
(2065 Points)
Replied 15 May 2024
Yes, You can claim full ITC on this transaction and also capitalized amount excluding GST.
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