About input gst on material used for construction of showroom of vehicle dealer
This query is : Resolved
11 May 2023
1)can a vehicle dealer avail input gst on purchase of material used for construction of immovable property such as showroom for service ?
2)and how to treat such expenses ? how such expenses be treated in P&L A/C or Balance sheet(capitalised as building in asset) ?
2)and how to treat such expenses ? how such expenses be treated in P&L A/C or Balance sheet(capitalised as building in asset) ?
11 May 2023
1. No, not eligible.
2. To be capitalized as building assets.
2. To be capitalized as building assets.
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