Satish Makam (Asst. Manager - Accounts) (294 Points)
17 December 2012Dear Friends,
Ours in new company. we are getting the wall constructed at the factory of our power plant. now my doubt is wether the purchases like cement, stone, sand, steel etc. should be shown or not in AP VAT returns.
May be in the field " Non creditalbe purchases"
It is urgent please guide me.
satish makam
9866676361
MJ Krishnamurthy
(ACCT(Retd))
(7197 Points)
Replied 17 December 2012
No, this is not required, because such expenses are to be capitalised later on........MJK
sankar
(Manager in Rank Silicon And Industries Pvt Ltd)
(63 Points)
Replied 18 December 2012
There is no necessity to show them in the VAT return.
CAclubindia
