Input vat related
This query is : Resolved
ravikant srivastava
(Querist)
20 August 2014
good evening sir, i have one problem in vat related please guide me.
agar hum capital goods purchase karte hai, aur us par vat hum pay karte hai, toh hum use apne book me kis head me show karenge,
agar hum capital goods purchase karte hai, aur us par vat hum pay karte hai, toh hum use apne book me kis head me show karenge,
CA UMESH DULAL
(Expert)
20 August 2014
vat paid on capital goods can be claimed subject to the rule of each state. So, you can show the unused VAT as VAT receivable under current assets.
CA UMESH DULAL
(Expert)
20 August 2014
vat paid on capital goods can be claimed subject to the rule of each state. So, you can show the unused VAT as VAT receivable under current assets.
Rupesh Jain
(Expert)
21 August 2014
on capital goods if you are eligible to take the input credit then take in VAT receivable a/c under the Current assets a/c
ravikant srivastava
(Querist)
27 August 2014
very greatful thanks to rupesh and umesh sir
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