Is the vat paid on purchase on fixed assets, like computers, furniture, etc capitalised or shown separetly as input tax credit on capital goods??
Is the vat paid on purchase on fixed assets, like computers, furniture, etc capitalised or shown separetly as input tax credit on capital goods??
| 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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