2024 Bonus Depreciation Limit Gst. Article explains conditions necessary for obtaining itc under gst, allowability of depreciation on the gst tax component of capital goods and time limit. The 2024 budget, analyzed by the institute of chartered accountants of india (icai), brings significant amendments to gst and customs duties.
Bonus depreciation allows businesses to quickly deduct a substantial portion of eligible asset costs. 28 rows gst and the car depreciation limit.