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Will gst be levied on all …

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Will gst be levied on all types of expenses

Posted by Arpita Mishra 7 years, 5 months ago

CBSE > Class 11 > Accountancy

2 answers

Aradhya Agarwal 7 years, 5 months ago

Not levied on all

Sakshi Sharma ??️??️??️ 7 years, 5 months ago

GST is not levied in following cases- # payment of traveling expenses # payment of wages and salaries # payment of electricity and water bill # bad debt written off and bad debt recovered # amount deposited into bank # amount introduced into the business by proprietor as capital # amount withdrawn from bank # amount withdrawan by the proprietor for personal use # amount paid to creditors and discount received # Amount received from debtors and discount allowed

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