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input Tax Credit on Fixed Asset Under GST

20 February 2019

Dear Team,

We are in Dslr camera Rental Business. And we purchased Dslr Camera and giving rentals to the customers. Now my doubt is can we take full Input Tax Credit from the Dslr purchase bill or we cannot take the Input Tax credit.

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9 Replies

Aman Kumar (Accounts Executive) (744 Points)
Replied 20 February 2019

You can claim ITC.

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Manjunath K (141 Points)
Replied 20 February 2019

Weather it is full amount can we claim in same month or what is the procedure.

Aman Kumar (Accounts Executive) (744 Points)
Replied 20 February 2019

Yes,full ITC amount claim in same month

Aman Kumar (Accounts Executive) (744 Points)
Replied 20 February 2019

when the goods purchased will be used in the furtherance of business. Whenyou purchase goods, they will be issuing GST invoices and you can claim the credit based on the invoice while filing your return.