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Will gst be levied on all types of expenses |
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Answer» Not levied on all 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bad debt recovered# amount deposited into bank# amount introduced into the business by proprietor as capital# amount withdrawn from bank# amount withdrawan by the proprietor for personal use# amount paid to creditors and discount received# Amount received from debtors and discount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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