hi
can anyone give clarity on asset pur. and possibility of 2 options
& also suggest me which is best.
1st option
Claim ITC of GST and use the same towards your Output Liability and Show Asset at full cost excl GST charged.
2 Replies
CA. Heet Shah
(Tax Consultant & Practitioner)
(6180 Points)
Replied 26 August 2021
2nd Option
Capitalise the whole Cost of Asset including GST paid and Claim depreciation on the the whole Asset
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