GST refund procedure Details needed to fill in GSTR 1 How expenditures are classified into capital and revenue expenditure? Is input credit on treat provided to employees can be availed? reason? Is input credit on purchase of motor vehicle for office purpose can availed ? reason? Golden rules of accounting? What are fictitious assets?

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Questions related to GST refund, GSTR 1, classification of expenditures, input credit, golden rules of accounting, and fictitious assets.

GST refund procedure involves filing GSTR 1 with necessary details.
Expenditures are classified into capital and revenue expenditure based on their nature and usage.
Input credit on treat provided to employees cannot be availed as it is not a business expense.
Input credit on purchase of motor vehicle for office purpose can be availed as it is a business expense.
Golden rules of accounting are: Debit the receiver, Credit the giver; Debit what comes in, Credit what goes out; Debit all expenses and losses, Credit all incomes and gains.
Fictitious assets are intangible assets that cannot be seen or touched, such as goodwill, patents, trademarks, etc.

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