GST on Expenses
Query (Issue) Started By: – Mayuri Shete Dated:- 13-9-2017 Last Reply Date:- 16-9-2017 Goods and Services Tax – GST
Got 11 Replies
GST
daily limit of an expense from URD do not cross the limit of ₹ 5000\/- but if we are paying it on monthly basis GST applicable? like water tanker service availed per day are below 5000\/- but same is paid at the end of the month which cross the limit of 5000\/- please advise.
\nReply By Himansu Sekhar:
\nThe Reply:
\nThere will be no tax. But please check this limit is the aggregate of all urd expenses, not for single bill of a day.
\nReply By Ganeshan Kalyani:
\nThe Reply:
\nIf you are paying water charges on daily basis based on the invoice issued by the water supplier on daily basi<\/p>\n
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Plain text (Extract) only<\/strong> = = = = = = = =<\/p>\n e month even if it is paid in the next month. I have seen several tweets by cbec in this regard. = = = = = = = =<\/p>\n Plain text (Extract) only<\/strong> = = = = = = = =<\/p>\n","protected":false},"excerpt":{"rendered":" GST on Expenses Query (Issue) Started By: – Mayuri Shete Dated:- 13-9-2017 Last Reply Date:- 16-9-2017 Goods and Services Tax – GSTGot 11 RepliesGSTdaily limit of an expense from URD do not cross the limit of ₹ 5000\/- but if we are paying it on monthly basis GST applicable? like water tanker service availed per … Continue reading “GST on Expenses”<\/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-7732","post","type-post","status-publish","format-standard","hentry"],"_links":{"self":[{"href":"https:\/\/goodsandservicetax.in\/GST\/index.php?rest_route=\/wp\/v2\/posts\/7732","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=7732"}],"version-history":[{"count":0,"href":"https:\/\/goodsandservicetax.in\/GST\/index.php?rest_route=\/wp\/v2\/posts\/7732\/revisions"}],"wp:attachment":[{"href":"https:\/\/goodsandservicetax.in\/GST\/index.php?rest_route=%2Fwp%2Fv2%2Fmedia&parent=7732"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/goodsandservicetax.in\/GST\/index.php?rest_route=%2Fwp%2Fv2%2Fcategories&post=7732"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/goodsandservicetax.in\/GST\/index.php?rest_route=%2Fwp%2Fv2%2Ftags&post=7732"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}
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\nReply By KASTURI SETHI:
\nThe Reply:
\nDear Himanshu Ji,. What is legal status ? Make search and clarify. Thanks.
\nReply By MARIAPPAN GOVINDARAJAN:
\nThe Reply:
\nThe threshold limit for expenses from unregistered dealer is ₹ 5000\/-. It is applicable to each day of the month. Invoice is to be received on each day. If you receives invoices on monthly basis then GST will attract on reverse charge basis.
\nReply By Ganeshan Kalyani:
\nThe Reply:
\nSri Kasturi Sir and Sri Himansu Ji, i fully agree with both of you, an experts. I too have seen in tweet it was mentioned that credit of the tax paid under reverse charge can be claimed in the same month. <\/p>\n
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