Check sibling questions

Capital Goods Purchased should be used for atleast 60 months

If they are disposed of before 60 months/business closed within 60 months,Input taken has to be reversed

 

Q1 - Suppose Machine Purchased on 19 July 2017 as follows

PARTICULARS AMT
MACHINE 100000
CGST 9000
SGST 9000
TOTAL 118000

IT IS DISPLOSED ON 23 OCT 2017

View Answer

 

Q2 - Suppose Machine Purchased on 19 July 2017 as follows

PARTICULARS AMT
MACHINE 100000
CGST 9000
SGST 9000
TOTAL 118000

IT IS DISPLOSED ON 23 OCT 2022

View Answer
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Davneet Singh

Davneet Singh is a graduate from Indian Institute of Technology, Kanpur. He has been teaching from the past 12 years. He provides courses for Maths and Science at Teachoo.