Expense on CCTV

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full details of gst and hsn code
233 Points Posted on 05 December 2020
I have purchased CCTV camera for godown, Now in which head i have to take entry in a/c.
Is this expense or assets

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On 05 December 2020 at 16:52 Report
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Quick Summary
This discussion clarifies whether purchasing CCTV cameras for a godown should be recorded as an expense or a fixed asset in accounting. The consensus is that CCTV cameras are considered a fixed asset. It's also noted that Input Tax Credit (ITC) may be available for this purchase.

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Student CA Final
46 Points Posted on 05 December 2020
Obviously asset bhai
1 Reply
On 05 December 2020 at 17:09
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full details of gst and hsn code
233 Points Posted on 05 December 2020
Thanks bhai
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On 05 December 2020 at 18:06
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Student
23693 Points Posted on 05 December 2020
It would be Asset ( Fixed Asset )...
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On 05 December 2020 at 20:01
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GST Practitioner
55067 Points Posted on 06 December 2020
Yes ITC available
2 Reply
On 06 December 2020 at 19:23

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