Amazon GST Query for business purchases,

Amazon GST Query for business purchases,

17°
Jin kazama devil
Deal Subedar
83
2020
98

Get GST invoice and save up to 28% on business purchases.

what will be the max discount we can get and how it will be calculated..??

appreciate help…

I wanna know details on purchases of mobile around 30k.

Thanks in advance.

3 Comments  |  
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Deal Subedar
279
2449
31

Basically you will be eligible to get GST credit if u are a businessman
Last mobile i purchased had 12% Gst
So basically you will get a business invoice and can claim such gst paid as credit
You will have to show that mobile as business assets (in your books)

Cropped7885156231141019216
Deal Subedar
261
1681
20
Awake wrote:

Basically you will be eligible to get GST credit if u are a businessman
You will have to show that mobile as business assets (in your books)

He can either claim itc of gst or depriciation on value including gst, if showing as business asset

Images
Deal Subedar
279
2449
31
Expand
gauravnandwanii wrote:

He can either claim itc of gst or depriciation on value including gst, if showing as business asset

Yes he will book the asset net of gst, and claim depreciation only on the net amount

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