Dear sir
We are GST traders of dry chilli sales. We are going to purchase water purifier cost of above 2lakh. Now can we take itc for this. Pls ans
5 Replies
Anshika Aggarwal
(Chartered Accountant)
(186 Points)
Replied 15 November 2019
Hi,
If water purifier is used for business purpose then it is fixed asset for the company.
Here company has two option. Any one of them can be followed:
1. To take depreciation
2. To avail ITC
RAJA P M
("Do the Right Thing...!!!")
(128091 Points)
Replied 15 November 2019
@ Mr Naga.,
Yes... You can claim ITC. No more problem.
Yes... You can claim ITC. No more problem.
Anshika Aggarwal
(Chartered Accountant)
(186 Points)
Replied 15 November 2019
yes, you can claim ITC but do not capitalize the tax part in your books
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