Input tax credit

15 September 2018

shall I get ITC for purchase of computer if I use the same for my business purpose. i was regd.. under GST as regular dealer

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4 Replies

G. Nitesh Jain (CA Final) (74 Points)
Replied 15 September 2018

Yes you can get , but make sure that the itc amount claimed is not included in cost of Asset Capitalised

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Ankita Chachan (practitioner) (548 Points)
Replied 15 September 2018

Yes u can claim ITC on computer.

Anshuman Basu (account -GST) (1556 Points)
Replied 15 September 2018

yes u can. but you should remember that only gross amount should be capitalised and you take deppration on that amt

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Vinod Babu (24191 Points)
Replied 17 September 2018

Yes, you can claim ITC on computer.
Your invoice should have company name and GSTIN number in it.

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