My client has just bought a new car. As I know he cannot claim input gst on it being a new car purchase. Can gst paid on this car be shown as Irrecoverable GST expense in P&L account?
Please gudie
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GST as expense
Replies (4)
No...
You can book the total value as Asset 😊😊😊😊😊
You can book the total value as Asset 😊😊😊😊😊
No you have to capitalised such expenses i. e. included in cost of assets.
ok thank you...,,,☺️☺️☺️
You are welcome...
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