Set-off of sundry purchases for office use.
This query is : Resolved
Guest
Guest
(Querist)
11 October 2011
can we claim the MVAT input of Purchases for the office use i.e.Glasses Doors, Furniture etc for the purpose of Set-off in return?
MJ Krishnamurthy
(Expert)
12 October 2011
Mr Author,
No. You cananot claim it,because you are neither selling them nor using for manufacturing.
MJK
No. You cananot claim it,because you are neither selling them nor using for manufacturing.
MJK
Guest
Guest
(Querist)
16 October 2011
What is Accounting treatment for it ?
MJ Krishnamurthy
(Expert)
16 October 2011
Mr.Author,
you can put these expenses into asset accounts like furniture a/c and building a/c.
MJK
you can put these expenses into asset accounts like furniture a/c and building a/c.
MJK
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