Small value expenses?

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For a small pvt ltd company, there are small expenses like phone bills, exectricity bills, stationary purchases, conveyance expenses, courier etc. where GST may or may not have been paid. Note - the supplier in these cases is not given the company's GST number and the company does not want to claim credit for these.

Do these need to be compulsorily entered any where?

Thanks.

 

 

Replies (2)
yes
all such expenses except electricity are mandatory to mention in gst returns and need to pay tax under rcm if the suppliers are unreg.

I don't think that is true - If I understand correctly, expenses under Rs. 5,000.00 per day are exempt.


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