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.
You need to be the querist or approved CAclub expert to take part in this query .
Click here to login now
Click here to login now
Similar Resolved Queries
Unanswered Queries
- Sales of goods of amount Rs77 lakhs to a party
- ITR-3 - How to show loss in 65(i) - (iii) under under Part A - P & L section and sub section 65?
- Query related to CA/CS/CMA Firm
- Automatic MIS from Tally ERP
- Value of Perquisite Tax Borne by Employer
- Schedule Dpm under 44ada no account casr
- Eligibility of Deduction Under 80jjaa
- Taxability and TDS treatment on Crypto futures
- FRESH FRUIT JUICE EXEMPTION UNDER GST
- Tax Demand of ₹4,650 for AY 2026-27
- TDS Retunr Statement Status
- GST applicability on Shipping charges
- Concept of Vendor and customner reconciliation
- Mistake in e-invoice identified after 24 hours
- EXPORT PAYMENT
- NRI ITR2 account in 2025-26.
- Query regarding reporting of exempt foreign remuneration in ITR (AY 2026-27)
- FEMA/RBI treatment — Amazon.ca arbitrage (US buy, Canada sell, goods never enter India)
- Goods return by customer
- INWARD REMITTANCE FOREIGN
Trending Online Classes
-
DT & Audit (Exam Oriented Fastrack Batch) - For May 26 Exams and onwards Full English
CA Bhanwar Borana & CA Shubham Keswani
Subscribe to Pro
Join an elite circle of professionals
CAclubindia
