We have purchased Tractor registered with RTO for material handling .
1) Whether it is account for under Vehicle or Plant & Machinery.
2) Whether we can get input tax credit of GST paid
3) What is depreciation rate as per Companies Act?
rajendra (accountant) (21 Points)
05 August 2024We have purchased Tractor registered with RTO for material handling .
1) Whether it is account for under Vehicle or Plant & Machinery.
2) Whether we can get input tax credit of GST paid
3) What is depreciation rate as per Companies Act?
Asha Kanta Sharma
(Manager - Finance & Accounts)
(36398 Points)
Replied 07 August 2024
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