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Gst on expenses

Amal Sugathan (Accounts Officer) (23 Points)

15 September 2017

Sir

Can you please give the list of expenses and its rates coming under GST

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4 Replies

RAJA P M ("Do the Right Thing...!!!") (128101 Points)
Replied 15 September 2017

please you can find it in file section CCI portal

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Prakyath Shetty (Article Assistant) (70 Points)
Replied 15 September 2017

Dear sir,

Please find the attached file.

Attached File : 2080107 20170915131759 gst expense rate.pdf downloaded: 181 times

Amal Sugathan (Accounts Officer) (23 Points)
Replied 16 September 2017

Thank you for helping me.Can you please give me clarification for serial no.73 (repair and maintanance charges if it has not resulted into immovable property) in the above list.

Prakyath Shetty (Article Assistant) (70 Points)
Replied 16 September 2017

Dear sir,

The point is that if the repairs and maintainance charges results in an immovable property(Ex: Permanent fixing of machinery to ground), then you cannot take the input tax credit on the same. If the repairs and maintainance charges does not results in immovable property(Ex: Routine maintainance charges) then you can take the input tax credit.

Note: This is as per my knowledge.