A Company has purchased God idols worth Rs.2,00,000/- on which ITC is charged. How to account such purchase. Whether it is debited in the capital account or Fixed Asset. And also can ITC be claimed on such purchases?
Tara Khandelwal (Student CA Final ) (293 Points)
01 November 2018A Company has purchased God idols worth Rs.2,00,000/- on which ITC is charged. How to account such purchase. Whether it is debited in the capital account or Fixed Asset. And also can ITC be claimed on such purchases?
Mayur Patil
(Article)
(1276 Points)
Replied 01 November 2018
robin garg
(ipcc)
(275 Points)
Replied 01 November 2018
Mayur Patil
(Article)
(1276 Points)
Replied 01 November 2018
robin garg
(ipcc)
(275 Points)
Replied 01 November 2018
Amish Maknojia
(Student)
(507 Points)
Replied 01 November 2018
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