TaxTMI 
TaxTMI 
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
ITC on Capital Goods
10 Jan 2018 
6 Replies 
3542 Views Asked by
Guest 
Input Tax Credit on capital goods permitted in full in one instalment when assets are used for business use.
Input Tax Credit on mobile phones and computers is allowed when used for business and not allowed for personal use. Capital goods attract full input tax credit, which may be taken in one instalment on purchase, without the previous regime's restrictions. The Service Accounting Code for commercial training and coaching services is 999293. (AI Summary)
Input Tax Credit on mobile phones and computers is allowed when used for business and not allowed for personal use. Capital goods attract full input tax credit, which may be taken in one instalment on purchase, without the previous regime's restrictions. The Service Accounting Code for commercial training and coaching services is 999293. (AI Summary)