CAN CLAIM GST

[PRADEEP SHUKLA]

Dear Experts,

I would like to know that company has purchased a laptop & done payment from company current account. If we take purchased in Capital Goods / Fixed Assets of company can we avail ITC for the same on invoice raised by supplier ???

Please help me in this query

With Best Regards

Pradeep Shukla

AI Summary

Input tax credit eligibility: ITC may be claimed for a laptop if supplies are fully taxable; partial exemption requires apportionment.
A laptop classified as a company capital good or fixed asset is eligible for Input Tax Credit when used for business; where supplies are wholly taxable ITC may be claimed in full, but where supplies are partly exempt the ITC must be apportioned and the exempt-attributable portion reversed under the common credit mechanism. The tax benefit under GST (ITC) should be assessed alongside depreciation treatment and applicable restrictions.