which one of the following is taxable

[SANJEEVKUMAR YADAV]

Hello Sir,

I have just started to learn about taxation and while checking a profit and loss account some exp. and fees are shown. Can you tell me which exp. or fee is not covered in taxation:

advocate fee

audit fee

bank charges

d.g. set exp

electricity exp

machine rent

interest paid to others

land machine exp. office exp.

printing and stationery exp

pump exp.

repairs to machinery

salaries and wages

rent

tanker

telephone expenses

composite fee

[Ganeshan Kalyani]

Sir, GST is implemented w.e.f. 01.07.2017 by subsuming all indrect taxes on goods and services. State taxes is subsumed into SGST, Central taxes is subsumed into CGST. The threshold limit for a dealer to register under GST is ₹ 20 lacs (10lacs for special category States. ). A registered dealer shall charge GST on the invoice raised by him on supply of taxable goods or services.

In the list given by you, electricity charges, salary and wages is not subject to GST. To comment on other expenses further information is required.

[KASTURI SETHI]

I think this is P& L account for the period prior to implementstion of GST. You want to know about Service Tax as per heading of query. The following expenses are out of scope of ST :-. 1. Salary & wages 2. Interest 3.Land & Machine purchase (Repair and installation taxable) 4. Pump expenses 5. Tanker purchase 6.Printing and stationary 7.D.G.Set purchases.

[DR.MARIAPPAN GOVINDARAJAN]

Please avoid such queries. You yourself analyze and find out the same. It is not a teaching forum. It is only discussion on doubts arised in practical difficulties.

[YAGAY andSUN]

Dear Sanjeev,

Since you have just started learning/reading/understanding about the GST, then we suggest you be a avid reader on this forum.

In our view, except electricity exps, interest and salary & wages all other expenses would attract GST.

You may raise as many queries as you want.

God Bless you!

Regards,

YAGAY AND SUN

AI Summary

Understanding Taxability of Expenses under GST: Advocate Fees, Audit Fees, and More Explained A user inquired about which expenses are taxable under service tax, listing various expenses like advocate fees, audit fees, and salaries. Respondents clarified that with the implementation of GST from July 1, 2017, indirect taxes were subsumed, and registration is required for dealers exceeding a certain threshold. Electricity charges, salaries, and wages are not subject to GST. Other expenses may require further information to determine taxability. It was noted that the query might pertain to a period before GST implementation, and some respondents encouraged self-analysis of such queries, emphasizing the forum's role in discussing practical difficulties.