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D
Daman Gill
Can one switch to filing ITR2 if there are no FnO trades for the year? I have been filing ITR3 for the past 3 years as I had some FnO income.
Yes you can switch to different ITR according to sources of income for a particular financial year .
CA Puja Sharma 5 Jan 2021Yes.
CA Naman Maloo 10 Jan 2021Yes
T&C applyP
Prateek
If someone working on freelancer website and his all clients are international, what should he put the Name in GST Invoice?
Whether it should be name of these website or name of clients. The money comes to freelancer's bank account from these website.
But actually, The money is paid to these websites by clients and then these website pays to freelancer after cutting their fee.
Call me 9345861079
CA Damini Agarwal 27 Aug 2020Hi Prateek,
You should mention the name of the client to whom the service has been rendered. Whatever fee deduction that has been done by the websites before transferring the payment to you shall be considered as the commission expenditure in your books.
For more details please feel free to connect on 8707297344
V
Vedant
Are dropshipping businesses liable to pay GST? I am confused because all our customers are from the USA and we dont charge them any GST. Moreover we do not keep inventory in India and the stock is neither imported into India nor exported from India.
No need for GST.
I am handling taxes for various dropshipping clients so if you need any assistance feel free to contact me at canamanmaloo@gmail.com
Hi Vedant,
You do not need to pay GST under this business model. However, you need to complete the compliances of regular filing and reporting under GST regime. Filings are made mandatory by the department in order to keep the track of turnover for a financial year.
Hence you are not liable to pay GST but you need to file the returns for the same.
Feel free to connect in case of any queries. Happy to help !
CA Damini Agarwal
Ph : 8707297344
Partner | International Taxation - Global Mobility | GST
Income Tax | Corporate Affairs
Witcorp India Advisors LLP
https://www.thewitcorp.com/
A
Abhishek Kumar
I joined a new company without resigning from previous company . I worked at previous company only for 2 months but got money in pf . will that be issue ?
What do you mean by without resigning ? Does this mean you did not serve notice period or you mean to say that you have withdrawn salary from two companies at a time ? Please elaborate.
my view, no issue in PF, previous employer may create issue
T&C applyC
Chandan
Is the sub contractor liable to pay service tax if the contractor is exempted from it? It pertains to export of software maintenance as service.
Export of Service is not exempted from GST but is considered as Zero Rated Supply on fulfillment of certain conditions. Services can be exported on payment of IGST or without payment of IGST against LUT/Bond. Without going into further details reg export of service, please note that a sub-contractor, supplying services to the exporter of services, is not exempt from levy of GST unless the services he is supplying are exempt otherwise.
CA Damini Agarwal 24 Feb 2020If a service is taxable under domestic supply then sub contractor shall be liable to pay GST on the same. It does not matter even if the contractor is exporting the service on which he is claiming exemption under Zero rated category.
sub contractor liable to service tax (GST)
T&C applyK
Kkunal Jain
I want to start an online counselling, education and consultancy service, what type of registration should i go for? Should I register my business as a sole proprietorship? Please how should I proceed?
You don't need any registration right now as such.
Once you exceed 20 lakh receipt you need register for GST.
If you need any further assistance feel free to contact me at canamanmaloo@gmail.com
Yeah, you can start with Sole proprietorship model. This model has least compliance requirements. Hence it will help you in concentrating on business without sacrificing much time on other filings and compliance. For more assistance, contact on 8707297344
CA Kantha Manjegowda 1 Mar 2020in my view, you can start with sole proprietorship, register under shops and establishment GST on crossing 20 lacs income, suggest private compnay in case of funding, multiple co-founder.. all the best
T&C applyA
Ana
Made an error in GSTR-3B last month. Submitted the ITC in the import section by mistake. But it does appear on the dashboard under credits. But shows a shortfall of whole amount in the ITC claimed & due report. Do I file the return this time with whole amount? What will happen to the amount showing on dashboard?
You need to first reverse the amount in current month return and then fill in the correct details.
If you need professional assistance feel free to contact me at canamanmaloo@gmail.com
Hi Ana,
You can reverse the incorrect amounts while filing 3B and then fill in the correct amounts in the ITC section.
Feel free to contact on damini.agarwal@the witcorp.com or call on 8707297344.
R
R Venkata Kamaraju
Tax audit for stock tarder
If you need professional assistance feel free to contact me at canamanmaloo@gmail.com
CA Damini Agarwal 16 Feb 2020Please feel free to connect for tax audits for stock trading category. Would be happy to assist. Contact : 8707297344
T&C applyR
Rishabh
I want an individual gst number as i don't have any company registered name. I have to put some events on bookmyshow that's why i need gst number. help me with the required documents and procedure pls.
Contact me at 9718046555 call or whatsapp
CA Neeraj Bansal 16 Feb 2020Call whatsapp me at 9718046555
CA Damini Agarwal 16 Feb 2020HI Rishabh, Please feel free to connect on 8707297344 for the GST registration assistance.
CA Ram K 19 Feb 2020contact me at acasairama@gmail.com or whatsup at 9291318650
CA Naman Maloo 19 Feb 2020You can easily get a GST number.
Just send the following details on below email id.
PAN card, aadhar card, rent agreement, electricity bill.
If you need professional assistance feel free to contact me at canamanmaloo@gmail.com
J
Joshi Jose
I need to know how to calculate TDS if a person joins a new organization in the mid of the accounting year (for eg: Sep), wherein he was unemployed from Apr to Aug.
The income earned from the period Sept- March shall be considered as total income under the head salary. Accordingly, you can claim deductions over it and then apply applicable tax rate to compute taxes. Total tax liability of the year shall be divided by the number of months which is 7 in your case and then equal amount of monthly TDS shall be deducted while paying salary each month. Feel free to connect on 8707297344 or cadaminiagarwal.29@gmail.com in case of any further assistance with respect to payroll compliance.
CA Naman Maloo 28 Dec 2019You can ask for his previous form 16 if he is not providing then you can consider you salary as total income and deduct TDS accordingly.
If you need any further assistance feel free to contact me at canamanmaloo@gmail.com
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