Can we take GST input on mobile?
es. The mobile phones/ laptops would be covered under the definition of 'inputs' as they are used in the course/ furtherance of business and hence, the input tax paid on such goods will be available as input tax credit.
What are the 3 types of GST?
The 4 types of GST in India are:
- SGST (State Goods and Services Tax)
- CGST (Central Goods and Services Tax)
- IGST (Integrated Goods and Services Tax)
- UGST (Union Territory Goods and Services Tax)
Can we claim GST input on electricity bill?
No. Input GST credit is the amount of GST paid on purchase of goods which is used in the production of output. Electricity Tax is not a tax on purchase of goods, hence it is not a GST. Therefore electricity tax should not be taken as input GST credit but it is to be taken to profit and loss account as expenditure.
No comments:
Post a Comment
HAPPY TO HELP YOU ANY TIME ANYWHERE AND IF YOU WANT TO LEARN ANYTHING FROM US YOU CAN REACH US AT SONIKA987@GMAIL.COM