Ad-Free CAclubindia and Daily Updates on your mobile. Subscribe Now!

ITC ON MOBILE AND FRIDGE

Shoeb Hasan (81 Points)

16 July 2020

can we claim itc on mobile and refrigerator for office?

Reply
Follow
Share

4 Replies

KRISSHNAN KP (4215 Points)
Replied 16 July 2020

Yes you may claim

2 Like

Upgrade to CAclubindia Pro. Subscribe Now!

RAJA P M ("Do the Right Thing...!!!") (127921 Points)
Replied 16 July 2020

You can claim ITC for the purchase of refrigerator. But, Mobile phone ITC will be questionable.

If mobile fully used in office and business uses then You can claim ITC. If it's not only using business purposes then better to leave the ITC.

Vijayprakash P (1313 Points)
Replied 16 July 2020

If you use the refrigerator and mobile phone for office use and your gst registration No. in the invoice of the seller you can claim ITC in this regard.

1 Like

Shivam RC (Student) (23683 Points)
Replied 17 July 2020

If the Mobile and the Refrigerator is being used in the course of or furtherance of business, then you can claim INPUT TAX CREDIT ( ITC ) on them by virtue of Section 16(1) of the CGST Act 2017.

However ensure that all the FOUR CONDITIONS as laid down under Section 16(2) of the CGST Act 2017 is satisfied before claiming ITC.

2 Like