S
Suhas
Subject: Dropshipping & GST
Dropshipping Model:
I will be dropshipping the products from China to the USA
( Any products won't be sold or advertised in India )
Kindly help me with the below queries,
1. I currently do have a GST number for my Pvt Ltd Ecommerce company can I use the same GST number for my Dropshipping Business?
2. Do I need to pay any GST for the products sold through Dropshipping business?
3. Is there any other TAX that I need to pay for Dropshipping business?
Looking forward to your reply.
Regards,
Suhas
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No requirement of GST for dropshipping business of your model.
You need to pay income tax and equalisation levy if liable.
I am handling few dropshipping business if you need assistance feel free to contact me at canamanmaloo@gmail.com
Thanks for the reply Naman. But is that okay if i use my current bank account for Dropshipping ?
T&C applyN
Ninjahattori
Do we have to pay personal tax for income from LLP
In you receive salary and interest from LLP firm then you have to pay tax on it. If you receive only profit share then no tax. If case you need any further assistance you can contact on jainabhi189@gmail.com
CA Naman Maloo 8 Jun 2020If you are receiving profit on which LLP has already paid tax then it's tax free.
On salary and interest received from LLP you need to pay tax.
If you need professional assistance feel free to contact me at canamanmaloo@gmail.com
S
Suhas
Can a OPC firm registered as a wholesaler, also do e-retailing ?
Yes sir.
If you need professional assistance feel free to contact me at canamanmaloo@gmail.com
Mr. Suhas
Please check your LLP Agreement Object Clause specifically. If it includes then its fine. Otherwise you can file an application for amendment of Object Clause in MCA.
For any help you may call or whats app at 9999228011
A
Aman
I have held a small portion of bitcoin at time when they were cheap now they are worth atleast 50 times the amount I bought them at If I decide to sell them the payment would be recieved in IMPS transfers would I face any problems with the bank and what do I need to prove
Just pay proper tax on same and everything would be fine.
If you need any professional assistance feel free to contact me at canamanmaloo@gmail.com
B
Bikash
Hello, I am planning to start a new business dealing in rice, wheat, sugar and cooking oil. As the business is new I am not sure about the turnover right now. Will I need to get a GST number?
If you are starting offline business you meed to register only when you cross the turnover of 40 lakh.
If you wish to sell online you must register from the beginning and many of your items would also attract 0% tax.
If you need professional assistance feel free to contact me at canamanmaloo@gmail.com
Rice wheat not taxable under GST. If you are selling rice and wheat under registered Trade Mark then it will be taxable.
Sugar and cooking oil taxable under GST.
Since you will be dealing in taxable goods , gst number needs to be taken if yearly turnover crosses Rs 40 lacs.
Before proceeding I would suggest, you do consult with a professional on one to one basis.
In case you need any further assistance please contact on jainabhi189@gmail.com
