Input vat on capital goods

mahesh (Accountant) (31 Points)

12 January 2017  

Dear Experts,

I would like to inform you that my self mahesh and I am working in manufacturing company as an accountant. respected experts last year my company has bourght some machinery and we have got input vat on capital goods and excise on capital goods. Sir, please tell me how to get that inputs of vat & excise in current year. what will be the adjustment entries of the last ending year.

please give me suggestions and general entries.