TaxTMI 
TaxTMI 
which one of the following is taxable
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....hich one of the following is taxable<br> Query (Issue) Started By: - SANJEEVKUMAR YADAV Dated:- 8-5-2018 Last Reply Date:- 8-5-2018 Service Tax<br>Got 4 Replies<br>Service Tax<br>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 b....
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....ank 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 Reply By Ganeshan Kalyani: The Reply: Sir, GST is implemented w.e.f. 01.07.2017 by subsuming all indrect taxes on goods and services. State taxes is ....
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....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 furth....
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....er information is required. Reply By KASTURI SETHI: The Reply: 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 station....
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....ary 7.D.G.Set purchases. Reply By DR.MARIAPPAN GOVINDARAJAN: The Reply: 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. Reply By YAGAY and SUN: The Reply: Dear Sanjeev, Since you have just started learning/reading/understanding about the GST, then we suggest you be a avid read....
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....er 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<br> Discussion Forum - Knowledge Sharing ....