I have purchase Plant machine for production. it's about 50lacks
IGST is 9 lack .
should I take ITC part by part ie. (5%per quarter)
4 Replies
RAJA P M
("Do the Right Thing...!!!")
(128101 Points)
Replied 07 October 2019
You can claim full ITC in single take...
Anshuman Basu
(account -GST)
(1556 Points)
Replied 08 October 2019
But u can not take deppreation on ITC part
RAJA P M
("Do the Right Thing...!!!")
(128101 Points)
Replied 08 October 2019
If a bill we split to claimed ITC then balance available amount only for the basic value... It's also accounted to asset then where we can claim depreciation on ITC values...
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