Tax on expenses debited in p&l
Query (Issue) Started By: – THYAGARAJAN KALYANASUNDARAM Dated:- 14-8-2017 Last Reply Date:- 14-8-2017 Goods and Services Tax – GST
Got 6 Replies
GST
Dear expert,
\nWe have to declare all expenses which is booked as expenses in profit & loss account monthly basis as follows
\n1. Procurement of goods \/ services from registered person
\n2. Procurement of goods \/ services from unregistered person
\n3. Even if all the expenses should declare in the return which is unrelated to GST tax?
\nExample: Salary, electricity, interest,etc.
\nThanks in advance.
\nReply By KASTURI SETHI:
\nThe Reply:
\nAs per Section 15 of CGST Act, all incidental expenses are to be included in the transactional value for the purpose <\/p>\n
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Plain text (Extract) only<\/strong> = = = = = = = =<\/p>\n","protected":false},"excerpt":{"rendered":" Tax on expenses debited in p&l Query (Issue) Started By: – THYAGARAJAN KALYANASUNDARAM Dated:- 14-8-2017 Last Reply Date:- 14-8-2017 Goods and Services Tax – GSTGot 6 RepliesGSTDear expert, We have to declare all expenses which is booked as expenses in profit & loss account monthly basis as follows 1. Procurement of goods \/ services from … Continue reading “Tax on expenses debited in p&l”<\/span><\/a><\/p>\n","protected":false},"author":1,"featured_media":0,"comment_status":"open","ping_status":"closed","sticky":false,"template":"","format":"standard","meta":{"footnotes":""},"categories":[],"tags":[],"class_list":["post-7138","post","type-post","status-publish","format-standard","hentry"],"_links":{"self":[{"href":"https:\/\/goodsandservicetax.in\/GST\/index.php?rest_route=\/wp\/v2\/posts\/7138","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/goodsandservicetax.in\/GST\/index.php?rest_route=\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/goodsandservicetax.in\/GST\/index.php?rest_route=\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/goodsandservicetax.in\/GST\/index.php?rest_route=\/wp\/v2\/users\/1"}],"replies":[{"embeddable":true,"href":"https:\/\/goodsandservicetax.in\/GST\/index.php?rest_route=%2Fwp%2Fv2%2Fcomments&post=7138"}],"version-history":[{"count":0,"href":"https:\/\/goodsandservicetax.in\/GST\/index.php?rest_route=\/wp\/v2\/posts\/7138\/revisions"}],"wp:attachment":[{"href":"https:\/\/goodsandservicetax.in\/GST\/index.php?rest_route=%2Fwp%2Fv2%2Fmedia&parent=7138"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/goodsandservicetax.in\/GST\/index.php?rest_route=%2Fwp%2Fv2%2Fcategories&post=7138"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/goodsandservicetax.in\/GST\/index.php?rest_route=%2Fwp%2Fv2%2Ftags&post=7138"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}
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