If we purchase of laptop for a business use
how can we show
1. can we claim inputt tax credit
2.can we show in fixed asset
if we capitalized ,.. when seller has filled their Gstr1, our Gstr2a shows mismatch
how to resolve this?
1.Yes
2.tax portion is capitalised, yu can't input tax on same under section 16(3), no issue if the input is not claimed on the assets otherwise you need to reverse input tax with 24% interest,
CAclubindia
