Whether we can capitalise HP sock.
What is the treatment for VAT if the client is not taking input credit of Capital goods
4 Replies
Giridhar S Karandikar
(Team Lead)
(7548 Points)
Replied 11 May 2012
Why is the client not taking the credit?
vijeesh V R
(CA Final)
(91 Points)
Replied 11 May 2012
It is the company policy to Capitalise the VAT paid and claim depreciation.
Giridhar S Karandikar
(Team Lead)
(7548 Points)
Replied 11 May 2012
Is the input credit on purchases insuficient to meet the VAT liability.
vijeesh V R
(CA Final)
(91 Points)
Replied 12 May 2012
Yeah it is insufficient and the balance they are paying.
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