DIFFRENCE OF CAPITAL GOODS AND FIXED ASSESTS
This query is : Resolved
25 November 2019
DEAR SIR
PLS ADVISE ME THAT CAPITAL GOODS AND FIXED ASSESTS DIFFRNCE WITH EXAMPLE AND CAN I FIXED ASSETES GST CLAIM TO GST DETAPRTMENT OR NOT PLS DEFINE OF THIS REASON ON MY MAIL.
aj38212@gmail.com
PLS ADVISE ME THAT CAPITAL GOODS AND FIXED ASSESTS DIFFRNCE WITH EXAMPLE AND CAN I FIXED ASSETES GST CLAIM TO GST DETAPRTMENT OR NOT PLS DEFINE OF THIS REASON ON MY MAIL.
aj38212@gmail.com
25 November 2019
Your query is not clear
26 November 2019
capital goods means goods, the value of which is capitalised in the books of accounts of the person claiming the credit and which are used or intended to be used in the course or furtherance of business
input” means any goods other than capital goods used or intended to be used by a supplier in the course or furtherance of business.
ITC on purchase of Capital Goods is admissible
input” means any goods other than capital goods used or intended to be used by a supplier in the course or furtherance of business.
ITC on purchase of Capital Goods is admissible
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