banner_ad

Query regarding on depreciation

237 views 2 replies
Dear, We are Paints distributor firm. We did purchase one weighing scale for sale purpose but when we purchased weighing scale at that time we paid 15% tax and we did not claim input credit and also with not showed part in capital goods but we had do weighing scale entry in fixed assets account. But at this time that weighing scale we are selling then customer are demanding tax bill from us. How we give bill to customer.
Replies (2)

You have to rewise your vat return claiming input vat.

If it is not possible you can issue sale invoice for this product but you have to pay vat 15%. 

 

Dear Member,

what is the rate of depreciation as per companies act  in following business business. or send us the excel chart of depreciation as per companies act 2013.

Regards

Hukam Chand

hcbhardwaaj @ gmail.com

 


CCI Pro

Leave a Reply

Your are not logged in . Please login to post replies

Click here to Login / Register  

Company
Featured 02 May 2026
Senior Executive

hitesh chandwani & co

Pune

B.Com

View Details
Company
Featured 29 April 2026
Manager- Finance and Compliance

Naveen Fintech Pvt Ltd

Kolkata

CA Inter

View Details
Company
Featured 14 April 2026
GST CONSULTANT

Abhishek G Agrawal & Co.

Korba

CA Final

View Details
Company
Featured 13 April 2026
GST CONSULTANCY

Abhishek G Agrawal & Co.

Korba

CA Final

View Details
Company
Featured 28 March 2026
Accountant

Ashok Amol & Associates

New Delhi

B.Com

View Details
Company
Featured 28 March 2026
CA Final

Ashok Amol & Associates

New Delhi

CA Final

View Details
Company
Featured ARTICLESHIP 19 March 2026
Article Assistant

Gupta Sachdeva & Co. Chartered Accountants

New Delhi

CA Final

View Details
Company
Featured 14 March 2026
Associate CA

N N V Satish&co

Hyderabad

CA

View Details