Input tax or expenditure
This query is : Resolved
yellanki rathna giri
(Querist)
07 August 2011
Dear all please clarify my doubt
i am registered delar(vat)
i purchased uniform for my staff, cost was 3640.00 including vat 140.00
so now can i take this 140 as input tax or should i show the entire amount (3640.00) as expenditure
i am registered delar(vat)
i purchased uniform for my staff, cost was 3640.00 including vat 140.00
so now can i take this 140 as input tax or should i show the entire amount (3640.00) as expenditure
07 August 2011
Not eligible for input tax credit being not incurred on goods intended for sales / manufacture / capital goods.
08 August 2011
The expert is right
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