9.32 Total Value of Capital Goods Acquired in GST-03 Item 16

According to GST-03 guideline (dated 06 Aug 2015),

State the actual total value of capital goods acquired. Examples are purchase of lorry and office building.

The acquisition value of capital assets is in accordance with accounting principal interpretation but does not include

the acquisition of capital assets in the category:

i. Blocked input tax (BL)

ii. Acquired from persons other than the taxable person (NR or empty tax code)

iii. Acquisition of motor vehicles which subject to GST under the Margin Scheme (Coz margin scheme business do not issue Tax Invoice to buyer).