Transit asset
This query is : Resolved
gst incometax
(Querist)
15 November 2023
Sir,
Please suggest the treatment of transit asset as on 31st March.
Please suggest the treatment of transit asset as on 31st March.
CA R SEETHARAMAN
(Expert)
15 November 2023
Treat it as Capital goods in transit for capital assets and Current assets goods in transit for inventory.
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