Fixed asset purchased by consideration other than
Atharv Sankliya (1245 Points)
01 April 20232 - does it is considered as sale? or just a credit of purchase a/c
Atharv Sankliya (1245 Points)
01 April 2023
Atharv Sankliya
(1245 Points)
Replied 02 April 2023
sabyasachi mukherjee
(18899 Points)
Replied 02 April 2023
Yasaswi Gomes new
(Finance )
(2339 Points)
Replied 02 April 2023
At invoice value. There is no principle for that.
sabyasachi mukherjee
(18899 Points)
Replied 03 April 2023
CA Parul Saxena
(CA)
(8317 Points)
Replied 03 April 2023
Fixed asset should be recorded at price at which stock was recorded. Simple.
Yasaswi Gomes new
(Finance )
(2339 Points)
Replied 03 April 2023
@ sabyasachi is correct and im sorry they can be measured at fairvalue or at carrying amount of goods given.. amd this becomes invoice value. I dont know this paet of the principle.
ITR 1 and ITR 4
GST Practitioner Certificate Course 36th Batch