Fixed asset
This query is : Resolved
25 July 2019
Sir/Madam,
In 2018-19 we had purchased building construction materials under GST invoices worth rupees 2 Lakhs and above, can we account the above invoices in our Plant & Machinery accounting head and claim depreciation.
In 2018-19 we had purchased building construction materials under GST invoices worth rupees 2 Lakhs and above, can we account the above invoices in our Plant & Machinery accounting head and claim depreciation.
31 May 2020
Building Construction can not be taken as investment in Plant and Machinery.
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