Where do we have to record expenses and Labour charges in 3B or GSTR1?
THANKS
12 Replies
RAJA P M
("Do the Right Thing...!!!")
(128091 Points)
Replied 08 October 2017
Please explain yourself....
SAIRAM
(Chartered Accountant)
(88 Points)
Replied 08 October 2017
If they are below taxable limit then in 3B: Table 5, in GSTR 1 is for your outward supplies not required to show
Above taxable limit and are subjected to RCM then in 3B, table 3 and table 4. GSTR 1 is for your outward supplies not required to show. However Self invoice raised to pay RCM should be shown under table 13
g mahesh Mundra
(Business and tax consultant)
(3296 Points)
Replied 08 October 2017
no need to record expenses in GST
Mohammed Goryawala
(727 Points)
Replied 09 October 2017
But then how can we claim expenses upto 5k to per day?
Mohammed Goryawala
(727 Points)
Replied 09 October 2017
And how to record entries of cash payment made to unregistered labour?
RAJA P M
("Do the Right Thing...!!!")
(128091 Points)
Replied 09 October 2017
Just you can enter as particular expense head as per previous GST...
Mohammed Goryawala
(727 Points)
Replied 10 October 2017
@ RAJA PM Didn't get you... Can you give an example please? Thanks
Mohammed Goryawala
(727 Points)
Replied 16 October 2017
@ Sairam Sir do we get ITC for expenses?
5k per day is the limit?
5k per day is the limit?
g mahesh Mundra
(Business and tax consultant)
(3296 Points)
Replied 16 October 2017
not for expenses
RAJA P M
("Do the Right Thing...!!!")
(128091 Points)
Replied 16 October 2017
| Originally posted by : Mohammed Goryawala | ||
 |
@ RAJA PM Didn't get you... Can you give an example please? Thanks |  |
Just you ll be enter as follows...
Dr. Expenses head - XXXX
Cr. Bank / Cash - XXX
Mohammed Goryawala
(727 Points)
Replied 17 October 2017
@ G Mahesh Mundra Then what was the 5k limit per day for?
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