Note counting Machine
Naveen Kumar (629 Points)
10 June 2020We have purchase Note counting machine please suggest in which group I create the ledger also suggest can I claim ITC on machine bill reflect in 2A
Naveen Kumar (629 Points)
10 June 2020
CA Khyati Pithadia
(Chartered Accountant)
(173 Points)
Replied 11 June 2020
Note counting machine is one type of fixed asset under plant and machinery head. So group head is Fixed Assets.
Yes, bill reflected in 2A, ITC can be claimed.