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 :-

kindly confirm the Eligible expenses for Input in GST.

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

AI Summary

Clarifying GST Input Credit Eligibility: ITC not available for mobile repair, vehicle insurance, and gardening expenses. A discussion on a forum regarding the eligibility of input credit for various expenses under the Goods and Services Tax (GST) was initiated. The query sought confirmation on eligible expenses for GST input credit, listing items such as consumable expenses, freight inward, diesel, import expenses, and more. A response indicated that input tax credit (ITC) is not available for mobile repair, vehicle insurance on cars, and gardening expenses. The exchange focused on clarifying which expenses could be claimed for GST input credit purposes.