Can anyone pls tel how to file company expenses in GST? Some say, it is part of GSTR-2. Pls clear.
Menu
Filing expenses in gst
Replies (12)
expenses which does not attract GST is nowhere shown in Returns where as the expenses which attracts GST I mean to say or pm are needed to show in GSTR2
expenses which does not attract GST is nowhere shown in Returns where as the expenses which attracts GST I mean to say or RCM are needed to show in GSTR2
expenses which does not attract GST is nowhere shown in Returns where as the expenses which attracts GST I mean to say RCM are needed to show in GSTR2
@ ShamsheerKhan.,
What to You mean above said Reply...?
Please explain...
What to You mean above said Reply...?
Please explain...
Expenses like food or water which were consumed are not shown but expenses like office furniture repairs/purchase or accessories for machineries and which were above Rs. 5000 in a day are Required to raise in self invoice to pay RCM and are Required to show in GSTR2
@ Raja P M, Can we take full ITC over expenses like purchase of accessories, electrical/electronic equipments, stationeries, etc while we file it in GSTR-2? Pls clear.
Yes....
You can take Fulllllllllllllllllllllllllllllllll ITC if you used in your business...
That is on of the Highlight in GST...
The above said all expenses / Inwards from a Registered dealer you can get full ITC if you are Registered dealer.
In case you received from URD then you ll be tax under RCM basis if it's above 5000 / day...
Also you can reverse the RCM related tax to same head...
Expense list under GST https://www.caclubindia.com/share_files/details.asp?mod_id=74125
@ Raja P M, thanks for your valuable reply
You are most welcome Dear Mr Nirmal....
GOOD LUCK
GOOD LUCK
Recent Topic
- PF withdrawal and tax liability
- Sale of Goods or Services?
- ITR form query
- Credit against paud RCM on rent
- Dividend difference in 26AS, AIS, TIS
- 194JB INCOME
- Filing ITR3 where income under section 44AD with L
- What is superannuation fund
- GST Refund of input services under Inverted Duty S
- Dividend Reporting
Related Topics
CAclubindia
