ITC on Capital Goods

[Jatin Kumar]

Sir / Madam,

We have purchased Mobile Phones & Computers for our firm.

Can i take ITC on Mobile Phone & Computers in one installment.

What is SAC for Commercial Training & Coaching Centre

Regards,

Jatin Kumar

AI Summary

Claim ITC on Mobile Phones and Computers for Business Use Under GST, Full Credit in Purchase Month A forum participant inquired about claiming Input Tax Credit (ITC) on mobile phones and computers purchased for business purposes under the Goods and Services Tax (GST) regime. Respondents clarified that ITC is permissible if the items are used for business activities, and full ITC can be claimed in one installment in the month of purchase. Additionally, the Service Accounting Code (SAC) for commercial training and coaching services is 999293, with an 18% GST rate. The participant expressed gratitude for the guidance provided by the forum experts.