Vat credit for cap assets
Querist : Anonymous
Querry:
Can a retailer opting composition scheme in maharashtra, claim capital assets purchased as a deduction from the turnover. Whether retention of 3% will apply.
Regards
Querist : Anonymous
Purchase of goods are allowed as a deduction from sales.
I would like to know from your reply as to which inputs are not allowed as a deduction from sales.
Regards
Input is Tax Credit, & Sale is Different Thing.
There is No Relation Between Them to DEduction
Click here to login now
Similar Resolved Queries
- Partnership Deed Changes for Remuneration
- F&O transactions question
- Clarification regarding clubbing of AGM and EGM into one meeting
- Procedure for change in category of Director from Independent to Promoter Diretor
- TDS DEDUCTED UNDER SECTION 194R WHERE TO SHOW IN ITR AND GST.
- HSN- GSTR 9
- Set off the amount even no liability of payment
- GSTR 9 working
- Query related to job work
- SECTION 206AB OF INCOME TAX
- IMPORT OF GOODS IMS
- Jow work meaning
- EXCESS CREDIT REALTED GST REVERSAL
- Export invoice not reported
- CA Articleship Extension Matter
- GST OFFICER WRONG NOTICE
- "Please ensure that the Total of the Deductions u/s 54F match the same in Table D in Sch CG"
- Composition Dealer GST Annual Return Filing process
- Revision under Section 264 in The Income Tax Act, 1961
- TDS under section 195.
Trending Online Classes
-
All Subjects Combo (Regular Batch) Jan & May 26
CA Hardik Manchanda,CS Arjun Chhabra & Prof. Akash Agrawal
CAclubindia
