Is the vat paid on purchase on fixed assets, like computers, furniture, etc capitalised or shown separetly as input tax credit on capital goods??
Menu
wb vat
Replies (1)
| 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
Recent Topic
- Need CA to certify shareholding pattern.
- Ltcg savings
- Please share the roc and income tax compliance fo
- Proprietor have 2 business. One is registered unde
- ITR-4 – Gross Receipts or Turnover for Secti
- Unrelated entries in AIS and Form 26as
- Payment to foreign national
- Internal reconstuction
- IDS Refund – Annexure B & GSTR-3B Match,
- Can i should STCG and LTCG as business income ?
Related Topics
CAclubindia
