Set-off of sundry purchases for office use.

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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?

12 October 2011 Mr Author,
No. You cananot claim it,because you are neither selling them nor using for manufacturing.
MJK

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16 October 2011 What is Accounting treatment for it ?

16 October 2011 Mr.Author,
you can put these expenses into asset accounts like furniture a/c and building a/c.
MJK


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