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Input Tax Paid on Expenses

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Input Tax Paid on Expenses

Post by daveeee on Thu May 14, 2015 9:28 am

Will the company subject to any violation of existing rules and regulation of GST if the company's portion of GST in expenses (entertainment, petrol claim, electricity bill etc.) are excluded in the input tax paid?

daveeee

Posts : 1
Join date : 2015-05-14

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Re: Input Tax Paid on Expenses

Post by joseph on Thu May 14, 2015 12:54 pm

Your question is ambigiuos.

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DISCLAIMER:
Any opinion expressed is strictly my personal view based on my understanding and interpretation of the GST Act 2014, Regulations, Orders, DG's Panel Decisions and Customs' Guides. You should seek advice from experts and/or the Customs Dept if the subject matter is significant to your business.

joseph

Posts : 277
Join date : 2014-09-25

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Re: Input Tax Paid on Expenses

Post by lee67 on Mon Jun 01, 2015 10:48 am

Can i claim GST input tax for the following expenses:-

1) staff refreshment
2) petrol incurred by staff

thanks

lee67

Posts : 2
Join date : 2015-06-01

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Re: Input Tax Paid on Expenses

Post by joseph on Mon Jun 01, 2015 12:22 pm

1) Yes.
2) Yes, only repair, maintenance, refurbishment of passenger cars not claimable. Insurance, petrol, parking and car wash are all claimable.

_________________


DISCLAIMER:
Any opinion expressed is strictly my personal view based on my understanding and interpretation of the GST Act 2014, Regulations, Orders, DG's Panel Decisions and Customs' Guides. You should seek advice from experts and/or the Customs Dept if the subject matter is significant to your business.

joseph

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Re: Input Tax Paid on Expenses

Post by Chris Lim on Thu Jun 04, 2015 9:52 am

As above Petrol, insurance, & parking which incurred by staff personal car are all claimable?

Chris Lim

Posts : 9
Join date : 2015-04-02

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Re: Input Tax Paid on Expenses

Post by joseph on Thu Jun 04, 2015 10:49 am

Yes, if they are incurred for business purpose.

_________________


DISCLAIMER:
Any opinion expressed is strictly my personal view based on my understanding and interpretation of the GST Act 2014, Regulations, Orders, DG's Panel Decisions and Customs' Guides. You should seek advice from experts and/or the Customs Dept if the subject matter is significant to your business.

joseph

Posts : 277
Join date : 2014-09-25

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