Dear all
we were purchased one machine costing Rs.3,58,875/- (including VAT @ 12.50% Rs.39,875/-). When i am capitalizing this one how much amount should i capitalize (Rs.3,58,875/- (including VAT) or Rs.3,19,000/- (Exclduing VAT)) as per Andhra Pradesh VAT. Advise me as soon as possible
Thanks
Raj Kumar
CAclubindia
