NATURE OF EXPS
This query is : Resolved
05 June 2020
My office has purchased 5 THERMAL GUN of Rs 55000/-(Including GST ).
Please inform me , whether cost of Thermal Gun will be capital exps or Revenue exps.
GST Input will be considered or not.
Please inform me , whether cost of Thermal Gun will be capital exps or Revenue exps.
GST Input will be considered or not.
05 June 2020
Charge it as revenue expenditure, as it's usage will be for a limited period.
ITC can be claimed as it's required to continue business.
ITC can be claimed as it's required to continue business.
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