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!
CAclubindia
