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MAHARASHTRA VAT

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(Querist)
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
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CA Nitin Wadhwani

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CA Nitin Wadhwani (Expert)
19 April 2009 Set-Off will be available in full unless the entity is engaged in manufacture of tax free goods.
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C A GROUP COACHING

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C A GROUP COACHING (Expert)
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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