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

[Ramesh Kothari]

ITC not available

1.Mobile repair

2. Vehicle Insurance on car

3. Gardening expenses

AI Summary

Input tax credit eligibility: mobile repair, car insurance and gardening expenses are not permitted as ITC.
Query on ITC admissibility for various profit-and-loss expense heads under GST resulted in an advisory reply stating that ITC is not available for mobile repair, vehicle insurance on car, and gardening expenses; no determination was given for the remaining listed expenses.