ITC Claim on laptop
Nikhil Nagdev (2 Points)
15 February 2021Nikhil Nagdev (2 Points)
15 February 2021
Raju Roy
(Accountant )
(80 Points)
Replied 15 February 2021
aditya sood
(practice as advocate)
(111 Points)
Replied 16 February 2021
CA Altamush Zafar
(GST Consultant)
(15966 Points)
Replied 16 February 2021
sabyasachi mukherjee
(27334 Points)
Replied 16 February 2021
CA SEEMA AGARWAL
(Chartered Accountant)
(414 Points)
Replied 16 February 2021
sabyasachi mukherjee
(27334 Points)
Replied 16 February 2021
Kunal Mittal
(FINANCE OFFICER)
(580 Points)
Replied 16 February 2021
yes you can claim itc of gst and depreciation on basic value but remember to take only basic value in assets and not gst value.
computer a/c dr 100
gst ac dr. 18
to bank or creditor 118
sabyasachi mukherjee
(27334 Points)
Replied 16 February 2021
CA. Aditya Goel
(Chartered Accountant)
(681 Points)
Replied 18 February 2021
you can take ITC of the GST amount paid on the purchase of laptop. But, in case ITC is taken then depreciation is not available on this GST amount.
For Eg.
laptop value is 1000 and GST is 100
you may claim ITC of 100 and depreciation is then available on 1000 only. in case you dont claim ITC then depreciation is available on whole 1100.
hope this clarifies.
CA. Aditya Goel
(Chartered Accountant)
(681 Points)
Replied 18 February 2021
you can take ITC of the GST amount paid on the purchase of laptop. But, in case ITC is taken then depreciation is not available on this GST amount.
For Eg.
laptop value is 1000 and GST is 100
you may claim ITC of 100 and depreciation is then available on 1000 only. in case you dont claim ITC then depreciation is available on whole 1100.
hope this clarifies.
CA Naveen Chand
(Chartered Accountant)
(12729 Points)
Replied 19 February 2021
ITC can be claimed on LAPTOP
and depreciation will be allowed on value of asset (net of ITC)
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