Hello Friends,
I have a scenario. The company has purchased certain capital goods in May 09 and complete payments were made for the same. After making the payments, due to some reason the invoive was cancelled and the same was not capitalised. Now in order to regularise the same we want to capitalise the goods.
Q1. whether the input credit can be claimed in 2011-12 for assets acquired in 2009-10.
Q2. If yes, then what is the documents that are required for it.
Please reply with your suggestions
CAclubindia
