TMI BlogTax on expenses debited in p&lX X X X Extracts X X X X X X X X Extracts X X X X ..... Dear expert, We have to declare all expenses which is booked as expenses in profit loss account monthly basis as follows 1. Procurement of goods / services from registered person 2. Procurement of goods / services from unregistered person 3. Even if all the expenses should declare in the return which is unrelated to GST tax? Example: Salary, electricity, interest,etc. Thanks in advanc ..... X X X X Extracts X X X X X X X X Extracts X X X X ..... e. - Reply By KASTURI SETHI - The Reply = As per Section 15 of CGST Act , all incidental expenses are to be included in the transactional value for the purpose of payment of GST. Salary is not incidental expense. Salary is already accounted for towards cost of product. Interest is to be included. - Reply By HimansuSekhar Sha - The Reply = Non gst supply values to be declared, not the expe ..... X X X X Extracts X X X X X X X X Extracts X X X X ..... nses on salary. - Reply By HimansuSekhar Sha - The Reply = But which return, please specify. - Reply By KASTURI SETHI - The Reply = Sh. Himanshu Share Ji,. I think you want to say expenses of salary and not on salary. Pl confirm. - Reply By HimansuSekhar Sha - The Reply = Sir, the question is not clear, i think he is asking about filing of return. That's why I opine that salary expense ..... X X X X Extracts X X X X X X X X Extracts X X X X ..... s of own employees will not be declared in the return. - Reply By THYAGARAJAN KALYANASUNDARAM - The Reply = Dear sir, One of my friend said all the expenses which is debiting in profit and loss account should be declared in gst return after considering RCM. Generally we use to prepare the books of accounts every year at the time of filing IT return. Whereas as per GST we should update the ..... X X X X Extracts X X X X X X X X Extracts X X X X ..... monthly accounts and to see whether the tax is suffered or not. If not we have to pay RCM as per 9(3) 9(4). Even if the expenses under non gst is also to be declared in the return? - Tax on expenses debited in p&l - Query Started By: - THYAGARAJAN KALYANASUNDARAM Dated:- 14-8-2017 Goods and Services Tax - GST - Got 6 Replies - GST - Discussion Forum - Knowledge Sharing, reply post by an e ..... X X X X Extracts X X X X X X X X Extracts X X X X ..... xpert, personal opinion Tax Management India - taxmanagementindia - taxmanagement - taxmanagementindia.com - TMI - TaxTMI - TMITax ..... X X X X Extracts X X X X X X X X Extracts X X X X
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