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.

AI Summary

Debate on GST Input Credit: Consumables, Freight, Diesel, and Labor Expenses Under Scrutiny for Reverse Charge Applicability A user initiated a discussion regarding the applicability of GST input credit on various expenses debited to the Profit and Loss account, listing numerous expense categories such as consumable expenses, freight, diesel, labor expenses, and more. The response indicated that some expenses do not attract GST, while others are subject to reverse charge, with varying GST rates. Due to the complexity and variety of the expenses listed, the respondent suggested addressing each expense individually for more precise guidance.