Accounts

Afzal Momin (CA FINAL) (177 Points)

21 August 2011  

plz let me know how to pass an entry when there is a reduction in Mvat Purchases set off for purchases of Fixed Asset......

for eg if a computer is purchased and the mvat on it is 200/- the full set off is not allowed as some amt is reduced and the balance is only allowed to set off.......

so plz help me out regarding this issue........