Please let me know for Purchase of Electrical panel with meter in which head of account and under which group i need to account this in Tally and for this will depreciation applicable if yes can we take GST input benefit or not.
24 November 2021
Sir Thank you so much your advise, yes it is for business purpose only its a manufacturing industry. I will account in Plant and Machinery under fixed Assets is that ok sir.
24 November 2021
Dear Sir, Please help me out in GST reconciliation for purchase who is filed and who is not filed for every month and what are the inputs that i can avail ITC and how i come to know for which are bills i can avail and how to do workings on that and how to setoff the ITC and available balance in ITC. What are the ineligible items for which i should not take any ITC against GST rules if any circular or notification for that kindly share. I request you to kindly reply step by step explanation waiting for your soonest reply.
24 November 2021
Sir can we avail GST input for the below the items for manufacturing Industry... Vehicle Maintenance Vehicle Insurance Health Insurance to staff Repair & Maintenance for purchase of spares and electrical items for Machines repair Purchase of Groceries for providing food to staff Traveling expenses like flight tickets & Boarding expenses for business visit Printing & Stationary Computer & Printer Maintenance Office Maintenance items like Electrical items, cleaners DG & AC Annual Maintenance
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