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
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
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...
But, I don't get definition/detail for SUCH EXPENSES...
Message likes :
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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
Dr. Expenses (Expenses - Direct/Indirect) - XXXXX
Dr. IGST (or) - XXX
Dr. CGST - XXX
Dr. SGST - XXX
Cr. Sundry Creditor - XXXXX
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