NO TAX UNDER GOODS AND SERVICE TAX – Semantic Taxgen Pvt Ltd

BLOG

NO TAX UNDER GOODS AND SERVICE TAX

August 04, 2018

Following is the list of Goods on which no tax is payable under GST :-

1 Salary, wages & bonus paid to employee
2 Electricity bill
3 Water Charges/ Plain Water
4 Bank Interest
5 Professional Tax
6 BMC Tax
7 Building / Property Tax
8 Rent Deposits
9 Other Deposits
10 Petrol / Diesel/ CNG/Kerosene Expenses (Motor Spirit)
11 Liquor Expenses
12 Registration Fees (ROF / ROC / RTO etc)
13 Bad Debt
14 Donation
15 Labour  Welfare Contribution to Government
16 Fine & Penalties
17 Conveyance Expense – Non AC Taxi, Auto, Bus, Train
18 Loading & Unloading in relation agricultural produce/ Hamali
19 Rent Paid for residential use
20 Godown Rent for agricultural produce
21 News paper & magazines
22 Remuneration to Director & partners
23 Bank Charges – Service charges recovered
24 Health Insurance
25 Telephone, Mobile & internet Charges

 

Comments are closed.

Translate »