NO GST / NIL GST or EXEMPTED
SR No. | Nature of Expenses | GST Rate | GST IMPACT / OTHER REMARKS |
NO GST / NIL GST or EXEMPTED | |||
1 | Electricity Charges | 0% | Out of GST |
2 | Water Charges | 0% | Out of GST |
3 | Bank Interest | 0% | Existing rule – No ITC |
4 | Professional Tax | 0% | Tax levies by local body / other association out of GST |
5 | License renewal like Pollution, Factories & Boilers & Local Bodies |
0% | Tax levies by local body / other association out of GST |
6 | Biulding Tax | 0% | Tax levies by local body / other association out of GST |
7 | Provision for Ageing Stock | 0% | Follow the GST rule – for time of supply |
8 | Rent Deposits | 0% | If adjust with rent – GST applicable |
9 | Other Deposits | 0% | If adjust with other expenses – GST applicable |
10 | Sales Promotion – Petrol Others | 0% | Petrol & Diesel out of GST |
11 | Sales Promotion – Petrol Delivery | 0% | Petrol & Diesel out of GST |
12 | PETROL CARD – BPCL | 0% | Petrol & Diesel out of GST |
13 | PDI Expenses Petrol | 0% | Petrol & Diesel out of GST |
14 | Petrol Expense | 0% | Petrol & Diesel out of GST |
15 | Salary | 0% | Employee services & benefits – to employers exempted |
16 | Work Charges – Employees | 0% | Employee services & benefits – to employers exempted |
17 | Registration Fees | 0% | If only a pure agent service – ensure GL balance Nil |
18 | RTO Expenses | 0% | If only a pure agent service – ensure GL balance Nil |
19 | Allowance & incentive to employees | 0% | Exployee service without any margin |
20 | Bad and Doubtful Debts | 0% | If there is no supply element & no consideration |
21 | Bad Debts Written Off | 0% | If there is no supply element & no consideration |
22 | Warranty Labour Charges | 0% | If there is no supply element & no consideration |
23 | Provision for Doubtful Debt Written Back | 0% | If there is no supply element & no consideration |
24 | Donation | 0% | If there is no supply element & no consideration |
25 | AUTO CARD POINTS AWARD | 0% | If there is no supply element & no consideration |
26 | LWF Contribution | 0% | Govt levy |
27 | Staff Medical Expenses | 0% | Exployee service without any margin |
28 | Fine & Penalities | 0% | Govt levy |
29 | Discounts – shown in bill | 0% | GST applicable is after all discount – if shown in the bill |
30 | Staff Amenities | 0% | |
31 | Staff Mediclaim Contribution | 0% |
Expneses On Which GST Applicable But No Input Tax Credit will Be Received
1 | Food Expense | 12/ 18 or 28% |
2 | Travel claims – Radio Taxi / Ola | 5% |
3 | Transportation Charges – GTA | 5% |
4 | Club & Membership fees | 18% |
5 | Work Contract Tax – Construction of Building | 12% |
GST Applicable / RCM supply of URD
Sr No. | Nature of Expenses | GST Rate | GST IMPACT / OTHER REMARKS |
1 | Advertisement Charges / hoarding | 18% | |
2 | Advetisement in Magazine, News Papers etc | 18% | |
3 | Advetisement in Media | 18% | |
4 | All Discounts – after supply | GST Impact | Difference GST Rate as per Original Invoice |
5 | AMC Charges | 18% | |
6 | Bank Charges – Service charges recovered | 18% | |
7 | Brocker Fee & Charges | 18% | |
8 | Call Centre Expense | 18% | |
9 | Constomer Schemes by MSIL | 18% | |
10 | Construction Work | 12% | GST amount – no ITC – for immovable property (Building) |
11 | Consumables Paint material & Other Consumables |
28% | |
12 | Customer meet expense | 18% | Food charges – No ITC |
13 | DMS Charges | 18% | |
14 | Driver Contract Expense | 18% | |
15 | Enrolment Charges from MSIL | 18% | |
16 | Extended Warranty Cancellation Charges | 18% | |
17 | Free Gifts, Gold Coin | 18% | |
18 | Free Service Camp Expense | 18% | If any third party bills comes |
19 | House Keeping Charges | 18% | |
20 | INSURANCE AMOUNT | 18% | |
21 | Insurance Charges | 18% | |
22 | Interest Debit MSIL | 18% | |
23 | Interest Debited by MSIL | 18% | |
24 | Interest on Service Tax/ TDS | 18% | |
25 | Interest on Vehicle Loan | 18% | |
26 | Interest Others | 18% | |
27 | Legal charges to advocate | 18% | Advocate raise bill without GST component – RCM to us |
28 | Loading & unloading | 18% | |
29 | Local Conveyance | 5% / 12% | |
30 | MCP Package (Labour & Spare) From MSIL | 18% / 28% | |
31 | Mediclaim Policy Premium Contribution A/ c | 18% | |
32 | Mobile Allowance | 18% | Pure Agent Service / If margin then GST applicable |
33 | Other Training Expense | 18% | |
34 | Outside works – Allied / Painting / Tinkering / Tyre Puncture / Washing / Wheel Alignment etc |
18% | |
35 | PDI Expenses | 18% | |
36 | Pool Lifting Charges | 18% | |
37 | Popular Kuttukaran Cars Ltd | 18% | |
38 | Postage and Courier Charges | 18% | |
39 | Printing & Stationery(Flex Printing, Broad Printing, Notice Printing) |
18% | |
40 | Rates and Taxes | Actuals | |
41 | Recruitment Expenses | 18% | |
42 | Reference amount given to Outside party | 18% | |
43 | Registration Fees | 18% or 28% | GST applicable only if extra margin taken by us |
44 | Rent Paid | 18% | |
45 | Rent Paid for Mess (Employees) | 18% | |
46 | Repair and Maintenance – Building / Electrical / P&M / Others |
18% | |
47 | Room Rent | 12% / 18% & 28% | |
48 | RTO Expenses | 18% or 28% | GST applicable only if extra margin taken by us |
49 | Sales Promotion – Others / SSI / Display / Events |
18% | |
50 | Sponsorship services | 18% | Reverse Charge to Service Receiver – ITC can avail |
51 | Security Charges | 18% | |
52 | Staff Recruitment | 18% | |
53 | Staff Training Expenses | 18% | |
54 | Staff Uniform Expenses | 0% | If a third party bill comes |
55 | Stationery Items from MSIL(Interstate) | 18% | |
56 | Subscription & periodicals | 18% | |
57 | Telephone Charges | 18% | |
58 | Towing Charges | 18% | |
59 | Traing Expense of Out source party | 18% | |
60 | Training Expense of MSIL (Inside Kerala) | 18% | |
61 | Training Expense of MSIL (Outside Kerala) | 18% | |
62 | Transportation Charges – Non GTA / Trucks | 18% | If GTA services – RCM @ 5% & no ITC |
63 | Travelling Expenses Interstate | 12% / 18% | Services from Tour operators / Agencies |
64 | Travelling Expenses International | 28% | |
65 | Vehicle Maintenance (repair & maintenance) | 18% | Self bill no GST / Other third party bills GST applicable |
Note : All services / procurement dealing with unregistered parties – we may have to pay GST under RCM & take input tax credit in subsequent month.