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How to pass an entry for purchase of a car

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(Querist)
19 May 2016 sir
when passing an entry for the purchase of a car, should i pass only the basic value of a car or
should i include the VAT.

please solve

vijay
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CA R SEETHARAMAN

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CA R SEETHARAMAN (Expert)
19 May 2016 VAT should be included.
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Gokul Sharma

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Gokul Sharma (Expert)
19 May 2016 vat credit on motor vehicle is not allowable. so it should be capiltalised



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Rupesh Jain

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Rupesh Jain (Expert)
20 May 2016 you have to book car with vat amd also capitalized accessories, registration charges of car.

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