Is the vat paid on purchase on fixed assets, like computers, furniture, etc capitalised or shown separetly as input tax credit on capital goods??
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| Originally posted by :khushboo bothra | ||
| " | Is the vat paid on purchase on fixed assets, like computers, furniture, etc capitalised or shown separetly as input tax credit on capital goods?? | " |
Its Depend if the Purchaser is a Manufacturing Unit than it can take Vat Input on the same but if the purchaser is only a trader not on those item given in the question than he should not take the input of vat and Capatilezed the same with Assets
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