Whether we can capitalise HP sock.
What is the treatment for VAT if the client is not taking input credit of Capital goods
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Capitalisation of HP Stock
Replies (4)
Why is the client not taking the credit?
It is the company policy to Capitalise the VAT paid and claim depreciation.
Is the input credit on purchases insuficient to meet the VAT liability.
Yeah it is insufficient and the balance they are paying.
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