our company has purchase a car for Rs. 900000/- ( including VAt 12.5 100000/-) how to pass entry and will i get set-off of Rs. 100000/- in my vat return
purchase of car comes in capital goods or not
1 Replies
U S Sharma
(glidor@gmail.com)
(21063 Points)
Replied 28 December 2010
car is in negetive list, u cant avail input credcit on car purchase,
Recent Topics
- GST Invoices Series
- FILING OF ITR AY 20-21
- CLAIMING OF U CLAIMED RCM
- Building construction works
- REGARDING GSTR-9 F.Y 2023-24
- Rectification to decrease income in SCHEDULE OS
- Can Statutory Auditor of a subsidiary become concu
- Client Asking for the Revised Invoice
- Share office desk in bkc, near family court
- 80D claim for payment paid by parent
Related Threads
CAclubindia
