Tax credit on expenses

This query is : Resolved

Querist : Anonymous

Querist : Anonymous (Querist)

29 July 2017 Dear Sir,

Can we claim GST Credit on office expenses like Telephone bill, software renewal charges and such other expenses ? if yes what should be the accounting entry in our books ?

Regards,
Sachin

RAJA P M

RAJA P M (Expert)
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29 July 2017 Yes you can claim ITC on your expenses like Telephone bills, Software renewals.
But, I don't get definition/detail for SUCH EXPENSES...

Message likes : 1 times

RAJA P M

RAJA P M (Expert)
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29 July 2017 Entry:
Dr. Expenses (Expenses - Direct/Indirect) - XXXXX
Dr. IGST (or) - XXX
Dr. CGST - XXX
Dr. SGST - XXX
Cr. Sundry Creditor - XXXXX

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