Fixed Asset Purchase With Gst Entry In Bronx
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FAQ
? 1️⃣ Sale of Immovable Fixed Assets (Land & Buildings) ✅ Sale of an under-construction building → GST @18% applies (Treated as a supply of services).
Capital goods under GST are defined as assets used or intended for use in business activities, which are capitalized in the taxpayer's books of accounts. This includes machinery, equipment, and furniture used in the production of taxable goods or services.
