I purchased one computer for business purpose for Rs. 40000.00 + GST Rs. 11200.00
can i eligible to take ITC of Rs. 11200.00
clarify me
Thanks in advance
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ITC ON Fixed Assets
Replies (2)
Yes you can take the ITC , But you can't capitalize that gst amount for depreciation.
be careful about section 17 and rule 43 about reversal of itc in relation to use for personal purposes
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