We are private limited company in mumbai. We are planning to open new branch of our company in Mumbai. For the said branch conctruction we are purchasing materials and euipments for which we are receiving purchase invoices with GST in the name of our current company. How should we book it? Can we take GST input of it in our current comany? Should i book all expenses as fixed asssets and not to show it in as indirect expesnes. How to book small payment of rs.10000 given to paintor to paint the same office, should it also be capitalized!
Menu
Booking of capital expenditure
Replies (1)
1ST THE BRANCH SHOULD BE REGISTERED IN GST UNDER THE SAME PAN NUMBER. . THEN YOU CAN COLLECT GST INVOICES IN THE NEW BRANCH NAME.
THECURRENT PROCESS THAT YOU ARE FOLLOWING IS INCORRECT
Recent Topic
- Dividend and withholding tax - DTAA- RSU
- NRI Query: Capital Gains Tax Exemption under Secti
- Royalty payment to UK
- Calculate ITR2 tax with equity and non equity prof
- LTCG on residential property sale - Rebate?
- TDS MISMATCH AND AIS
- Return filing for intervening period upto date of
- EPF Withdrawal taxation
- While e filing otp not generating
- INCOME FROM CLOSING OF NSS -1992 -EXEMPT UNDER W
Related Topics
CAclubindia
