ITC on Expenses for GSTR9C

Organizations/Traders need to have a proper expense and credit bifurcation for the expenses incurred and these should be matched up with the amounts claimed in the Annual Returns GSTR 9 form. Here’s a list of expenses to match with Annual Returns.

  • Fuel and Power Imported Goods (inclusive of items received from SEZ )
  • Insurance and Rent
  • Carriage/Freight
  • Royalties
  • Conveyance charges
  • Capital Goods
  • Stolen, Lost and destroyed goods or goods discarded as gifts or free samples
  • Stationery Expenses (inclusive of postage)
  • Employee Salaries, Bonuses, Wages etc.
  • Bank Charges
  • Entertainment Charges
  • Repair and Maintenance
  • Miscellaneous Expenses
  • Other expenses (Group all the rest of the expenses under this category)

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