Can we take mvat credit of online purchase
Rupa Patel (Accountant) (102 Points)
27 October 2016Rupa Patel (Accountant) (102 Points)
27 October 2016
CA Raj Doshi
(Practising CA)
(8903 Points)
Replied 27 October 2016
Shams
(Consultant)
(157 Points)
Replied 02 November 2016
Agree with Raj, dont take Setoff of VAT.
Depending on cost of item, capitalize the full invoice value or put full invoice value in revenue expense.
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