ITC on Mobile
Manohar Singh (288 Points)
02 February 2021can I take itc for Mobile purchased on my GST no
thanking you
Manohar Singh (288 Points)
02 February 2021
Rama chary Rachakonda
(Master in Accounts & Lawyer email ID:ramachary64@gmail.com voice no:9989324294)
(5148 Points)
Replied 02 February 2021
Yes. You can take. Input Tax Credit or ITC is the tax that a business pays on a purchase and that it can use to reduce its tax liability when it makes a sale. In other words, businesses can reduce their tax liability by claiming credit to the extent of GST paid on purchases.
CA. Heet Shah
(Tax Consultant & Practitioner)
(6180 Points)
Replied 02 February 2021
ITC on Mobile can be claimed . Invoice shall contain ur GSTN same shall be available on your GSTR-2A.