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

AI Summary

GST applicability: electricity, salaries and interest generally outside tax; other business expenses may attract GST depending on nature.
Goods and Services Tax, effective 01.07.2017, subsumed prior central and state indirect taxes into CGST and SGST; registered suppliers must charge GST on taxable supplies. Electricity charges, salaries and wages, and interest were identified as not subject to GST, while other expense heads may be taxable depending on whether the entry is a supply of services or a purchase of goods; purchases of capital assets were treated as out of scope whereas repairs and installation are taxable services.