Tally Entry for Hardware purchased for manufacturing


This query is : Resolved 

Quick Summary
This discussion clarifies how to account for hardware purchases like paints, nuts, and bolts under GST. If the items are primarily used (90-95%) in the manufacturing process, they should be classified as a direct purchase. However, if the usage is mainly for factory maintenance or repairs (5%), it might be considered an indirect expense or office repair maintenance.

22 October 2023 Hardware such as Paints, Nut & Bolts, Spanners, etc purchased under GST comes under which head in purchase ?

Direct Purchase Or indirect expense


22 October 2023 Under direct purchases.

22 October 2023 What are the uses of these goods in Your manufacturing company...??!

22 October 2023 90% to 95% for Manufacturing & 5% for factory use

22 October 2023 IF you are dealing in same activity than Direct Purchase otherwise Office Repair Maintenance.


You need to be the querist or approved CAclub expert to take part in this query .
Click here to login now



Similar Resolved Queries


loading


Unanswered Queries



CCI Pro



Answer Query