banner_ad

Small value expenses?

186 views 2 replies

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.


CCI Pro

Leave a Reply

Your are not logged in . Please login to post replies

Click here to Login / Register  

Company
Featured 02 May 2026
Senior Executive

hitesh chandwani & co

Pune

B.Com

View Details
Company
Featured 29 April 2026
Manager- Finance and Compliance

Naveen Fintech Pvt Ltd

Kolkata

CA Inter

View Details
Company
Featured 14 April 2026
GST CONSULTANT

Abhishek G Agrawal & Co.

Korba

CA Final

View Details
Company
Featured 13 April 2026
GST CONSULTANCY

Abhishek G Agrawal & Co.

Korba

CA Final

View Details
Company
Featured 28 March 2026
Accountant

Ashok Amol & Associates

New Delhi

B.Com

View Details
Company
Featured 28 March 2026
CA Final

Ashok Amol & Associates

New Delhi

CA Final

View Details
Company
Featured ARTICLESHIP 19 March 2026
Article Assistant

Gupta Sachdeva & Co. Chartered Accountants

New Delhi

CA Final

View Details
Company
Featured 14 March 2026
Associate CA

N N V Satish&co

Hyderabad

CA

View Details