How to pass an entry for purchase of a car
This query is : Resolved
19 May 2016
sir
when passing an entry for the purchase of a car, should i pass only the basic value of a car or
should i include the VAT.
please solve
vijay
when passing an entry for the purchase of a car, should i pass only the basic value of a car or
should i include the VAT.
please solve
vijay
19 May 2016
VAT should be included.
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19 May 2016
vat credit on motor vehicle is not allowable. so it should be capiltalised
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20 May 2016
you have to book car with vat amd also capitalized accessories, registration charges of car.
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