GST on common expenses

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..... Sir/madam Is GST levied on common expenses shared among two companies at same premises. This includes salary, electricity, internet, professional charges etc. Regards Amresh Kumar - Reply By Ganeshan Kalyani - The Reply = Yes, GST is applicable when you recover the expenses borne on behalf of the other company by you. At the same time you will get the credit of the GST paid on the common expe .....

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..... nses incurred by you. - Reply By Amresh kumar - The Reply = Sir/ madam, Thanks for prompt reply. Wether we have to pay gst on electricity also. Further telephone bills Internet charges are inclusive of gst. What if we don't take ITC and wether the gst have to be charged on proportionate basis. Any circular Notfn or authority under the gst act rules made there under and effective fro .....

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..... m which date. Regards Amresh Kumar - Reply By Ganeshan Kalyani - The Reply = Sir, even on electricity GST will have to be charged. This is because when you are not supplying electricity but only recovering that cost. You can take credit of GST charged on telephone and internet charges proportionate to the amount recovered. If your supplies are taxable then full credit is allowed. - Reply By .....

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..... KASTURI SETHI - The Reply = I support the views of Sh.Ganeshan Kalyani Ji. Both are distinct persons. Covered under Schedule 1 . Distribution of electricity is conditionally exempt. No loss as ITC can be taken. The purpose behind taxability is proper accountal of each and every transaction. - GST on common expenses - Query Started By: - Amresh kumar Dated:- 28-9-2020 Goods and Services Tax .....

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..... - GST - Got 4 Replies - GST - Discussion Forum - Knowledge Sharing, reply post by an expert, personal opinion Tax Management India - taxmanagementindia - taxmanagement - taxmanagementindia.com - TMI - TaxTMI - TMITax .....

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