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
question:
department expenses based turnover calculation correct procedure in gst act
Menu
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.
Recent Threads
- How to rectify Form 67 that is already submitted
- Which year to consider for Property tax if sold af
- Itr form for nil tax return
- FSI & FA for RSU Sale in ITR-2
- Capital gains taxation query vip 1
- TDS on sim card calling service
- ITC Claim 2024-25
- Transferring online money to father
- AY 2025-26 ITR 1,2 reg
- Development of site
Related Threads
CAclubindia
