MAHARASHTRA VAT
This query is : Resolved
19 April 2009
DEAR FRIENDS,
IF SOMEONE PURCHASES FIXED ASSETS AND CLAIM SETOFF IS THERE ANY REDUCTION IS TO BE MADE? WHAT WILL BE ENTRY TO BE PASSED IN ACCOUNTING.
PLEASE REPLY
IF SOMEONE PURCHASES FIXED ASSETS AND CLAIM SETOFF IS THERE ANY REDUCTION IS TO BE MADE? WHAT WILL BE ENTRY TO BE PASSED IN ACCOUNTING.
PLEASE REPLY
19 April 2009
Set-Off will be available in full unless the entity is engaged in manufacture of tax free goods.
19 April 2009
S/OFF on fixed assets used in process of manufacter except will be available in full. NO s/off is allowed on Motor Car
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