INPUT CREDIT ON EXPENSES DEBIT IN P& L

[Davinder Singh]

2. Input of GST paid for Expenses debited to Profit and loss account. The detail of Expenses is as under :-

Consumable Exp.

Freight Inward

Diesel

Import Expenses

Labour Expenses

Job Work Expenses

Uniform Exp.

Labour& Welfare Expense

Labour Welfare Fund

Audit Fee

Building Repairs

Charity & Donation

Computer Repair

Consultancy Exp

Courier Charges

Electric Repair

Gardening Expenses

Factory Insurance Vehicle Insurance Cars Vehicle Insurance Trucks

Laboratory Expenses

Labour Safety Expenses

Mobile Repair

Machinery Repairs

Printing & Stationery Expenses

Rent Paid for Godown& Factory

Security Charges

Software updation Expenses

Telephone & Internet

Testing Charges

Travelling Expenses

Vehicle Running &Maint.

Advertisement Expenses

Business Promotion

Freight Outward 2. Input of GST paid for Expenses debited to Profit and loss account. The detail of Expenses is as under :- Consumable Exp. Freight Inward Diesel Import Expenses Labour Expenses Job Work Expenses Uniform Exp. Labour& Welfare Expense Labour Welfare Fund Audit Fee Building Repairs Charity & Donation Computer Repair Consultancy Exp Courier Charges Electric Repair Gardening Expenses Factory Insurance Vehicle Insurance Cars Vehicle Insurance Trucks Laboratory Expenses Labour Safety Expenses Mobile Repair Machinery Repairs Printing & Stationery Expenses Rent Paid for Godown& Factory Security Charges Software updation Expenses Telephone & Internet Testing Charges Travelling Expenses Vehicle Running &Maint. Advertisement Expenses Business Promotion Freight Outward

KINDLY CONFIRM ALL ABOVE EXPENSES STATUS.

[KIRTIKUMAR PUROHIT]

In your query;there are various category of expenses, out of all some expenses are falls under NO GST applied, in some of GST apply under Revers Charge and GST rate for all expenses are vary thus experts are not in position to reply of bulk queries so request to ask individual query for each expenses.

AI Summary

Input tax credit availability on expense GST varies; classification and reverse charge applicability determine entitlement.
The issue asks whether input tax credit is available on GST paid for numerous profit-and-loss expense heads. The reply states that some listed expenses are not subject to GST, some fall under the reverse charge mechanism, and GST rates and treatment vary by expense type; therefore, individual queries for each expense are required to determine credit eligibility.