Set-off of sundry purchases for office use.

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Guest

Guest (Querist)

11 October 2011 can we claim the MVAT input of Purchases for the office use i.e.Glasses Doors, Furniture etc for the purpose of Set-off in return?

MJ Krishnamurthy (Expert)
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12 October 2011 Mr Author,
No. You cananot claim it,because you are neither selling them nor using for manufacturing.
MJK

Guest

Guest (Querist)

16 October 2011 What is Accounting treatment for it ?

MJ Krishnamurthy (Expert)
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16 October 2011 Mr.Author,
you can put these expenses into asset accounts like furniture a/c and building a/c.
MJK

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