Show sales and pay tax on it in Gstr 3b and show unregistered purchase

You need to pay tax without taking benefit of purchase

ITR-2, since you are a director, you only need to provide details of share purchase and directorship details, you also need to get your Company Audit done, Do reach out to Finaco Admin Team, they would assist you in getting it done.

You will have to file ITR-2 as your a director now. Further at the year end you will have to get your company accounts audited and then file the income tax return

Since the company is registered in FY 2020-21 you have to file ITR 1 for FY 2019-20.
If you need assistance in filing your ITR/ tax assistance for company Click here: https://www.taxontips.com/income-tax-return/

Hope you find the information helpful.

Dear Himanshu, proprietorship firm or one person company will be better for it. And for import export code is a must

You are just starting a drop shipping business, start it as a proprietorship concern.
No IEC code required.
If you need professional assistance feel free to contact me at canamanmaloo@gmail.com

contact me at 9291318650 or acasairama@gmail.com

The updated form is yet not available on the site. The old form DIR 3 KYC is available on the site

Yes Ramakrishnan ji, I can help you out.
Contact 9877542172

Hi Ramakrishnan, I can help you with the same. You can reach me at +91 9967694668

Please connect on 8707297344

Kindly contact on 9549912646

You can email the details at canamanmaloo@gmail.com and then we can discuss on it

Yes you are allowed to sell these shares, only intraday trading and short selling is prohibited for Nri's. Further capital gain will be short term or long term depending on your period of holding. If your holding is more than 1 year then Long term capital gain is applicable else short term.

Yes, you can sell them even in a day if you want. Short term capital gain tax will apply in your case. For further query call 9549912646

you have to pay short term capital gain.
for more details contact on 9708549709 or ca.abhishekjha@gmail.com

Hi Parvesh, If your annual income is below 2 lacs, how have you spent 6 lacs through your credit card?
It wont be added to your income, however, you will have to justify the source of money for paying credit card bills.
For detailed answer/discussion, you can reach me out +91 9967694668

How can a person with income of just RS 2 lac can make payment of credit card bill of more than RS 6 lac

Ca utsav , I wasn't expecting this kind of answer...might be I had saving in my account or I borrow from someone or I used it for other people's transaction and get hard cash from them. So you can't say how it was possible..please go through question thoroughly that I have an telecom shop...and what we do is take money from customer and pay his mobile and electricity bills..I am asking this way

It is not necessarythat the money should be transferred in the current financial year but the possession should be done in the current year

If you have obtained Letter of Undertaking (LUT) for export of goods/ services without payment of duty, then you will not charge GST in the invoice.

Otherwise, you have to charge GST in the invoice, deposit the GST and claim refund of the GST paid.

Email on ca.sidbhardwaj@gmail.com for any clarification and help.

No need to charge GST on it. For more information call @ 9549912646

Under GST regime, you as a exporter have either of the two options;
Export under bond without payment of tax(LUT)
Export along with tax payment and claim refund later
basically these options are available if you need any assistance you feel free to contact me;
Email:casubratsharma@gmail.com
Mobile:9958718281

File your income tax return and claim TDS in it. For more information call @ 9549912646