purchase
This query is : Resolved
pvsrikanth
(Querist)
23 June 2011
which item can v treat it as a purchase or sale and to submit vat returns/cst returns. suppose i purchased stationery. this is treat as expenditure. tell me exact which transaction is to be taken into sale/purchase.
B R Ramesh
(Expert)
25 June 2011
Hi
you need to consider the purchase which is used directly in trading or manfacturing of the product.
stationery is 100% expenses you cant claim the ITC.
if you purchase the capital goods for manf
then you can claim the ITC>
you need to consider the purchase which is used directly in trading or manfacturing of the product.
stationery is 100% expenses you cant claim the ITC.
if you purchase the capital goods for manf
then you can claim the ITC>
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