Mezzanine Floors Capitalized under which Fixed Assets Head
This query is : Resolved
02 May 2023
We are going to make Mezzanine Floor of metal In our Store Area due to store space is not sufficient to keep material. So we can keep racks on Floor and keep material in racks . So, I have few Query as below.
1. It will be Capitalized under which Assets Class ?
2. What will be useful life & Depreciation rate ?
3. Gst Credit can take or not ?
1. It will be Capitalized under which Assets Class ?
2. What will be useful life & Depreciation rate ?
3. Gst Credit can take or not ?
CA R SEETHARAMAN
(Expert)
02 May 2023
1 Capitalise as a part of building
2 Remaining useful life of the building.
3 No GST credit as it's part of building.
2 Remaining useful life of the building.
3 No GST credit as it's part of building.
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