hi
can anyone give clarity on asset pur. and possibility of 2 options
& also suggest me which is best.
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ITC vs deprecation
Replies (2)
1st option
Claim ITC of GST and use the same towards your Output Liability and Show Asset at full cost excl GST charged.
2nd Option
Capitalise the whole Cost of Asset including GST paid and Claim depreciation on the the whole Asset
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