A non registered hotel maintained dealer department sales turnover calculation expenses based
salaries and electricity bill and gas consumption details and rent total expenses based sales turnover calculation search by gst department
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department expenses based turnover calculation correct procedure in gst act
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Expenses based turnover calculation for hotel
Replies (2)
No. Turnover must be based on collections of the amount received by the supplies provided by the hotel.
Under the GST Act, turnover calculation is primarily based on taxable supplies, not expenses like salaries, rent, or bills. Expenses may be eligible for input tax credit.
To learn more about Chargeability of GST on Reimbursement of Expenses click here
For more detailed information, visit Swipe Blogs.
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