How can we claim expenses under gst. Is there any restrictions on claiming of expenses

How can we claim expenses under gst. Is there any restrictions on claiming of expenses

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5 Answer(s)

Under GST only those expenses can be claimed in profit and loss a/c on which the GST has been deducted and if you want to claim expenses.. then you have to pay the tax under the reverse charge mechanism. The expense which can be claimed with the application of GST is the salary and wages paid during the year.

Answered on July 6, 2017.
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Without

Answered on July 6, 2017.
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So GST is to be deducted before paying salary or wages otherwise we cant claim such expenses..just like TDS.

Answered on July 6, 2017.
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No only salary n wages can be claimed as expense even without deducting gst.

Answered on July 6, 2017.
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Is there any specific limit for other expenses.. on which gst should be paid.

Answered on July 6, 2017.
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Your Answer

Gen GST