Dear expert,
We have to declare all expenses which is booked as expenses in profit & loss account monthly basis as follows
1. Procurement of goods / services from registered person
2. Procurement of goods / services from unregistered person
3. Even if all the expenses should declare in the return which is unrelated to GST tax?
Example: Salary, electricity, interest,etc.
Thanks in advance.
Clarification on GST Reporting: Include Incidental Expenses, Exclude Salary; Consider RCM Under Sections 9(3) & 9(4). A discussion on the Goods and Services Tax (GST) requirements for declaring expenses in the profit and loss account. The inquiry focuses on whether all expenses, including those unrelated to GST like salary and electricity, need to be reported in GST returns. Responses clarify that incidental expenses should be included in the transactional value for GST, but salary is not considered incidental. Non-GST supply values must be declared, but not salary expenses. There is confusion about which expenses need to be declared and how returns should be filed, with emphasis on considering Reverse Charge Mechanism (RCM) under sections 9(3) and 9(4). (AI Summary)
TaxTMI 
TaxTMI 
