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Question & Answer


S

Sanskar Mandothia

1 Mar 2020

I want to open E-commerce site for business. What what registrations & legal process I have to do?

Replies (3)                          

CA Kantha Manjegowda       1 Mar 2020

you can start with proprietor , with registration under GST and shops establishment ..

CA Kantha Manjegowda       1 Mar 2020

and TM registration important

CA Naman Maloo       1 Mar 2020

Are you going to sell your own products or are you going to work like flipkart?
Also if you are thinking of delivering in whole of India first thing would be GST registration.
If you need any assistance feel free to contact me at canamanmaloo@gmail.com

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A

Anurag Kumar

1 Mar 2020

While distributing profit to partners in LLP , PAT is taken...now for.calculating PAT = PBT- Taxes .In this case is PBT taken as book profit? Also while taking taxes ,I can take tax depreciation right? What if taxable income is zero , in that case whether AMT will be applicable? If AMT is applicable will it create tax liability then for future years?

No Reply  


S

Sumed Sai

28 Feb 2020

Exit of a subscriber from a company

Replies (1)                          

CA Kantha Manjegowda       1 Mar 2020

you need to transfer the shares to another subscriber, and retire as director, if compnay inoperative go for closure

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A

Abhishek Kumar

24 Feb 2020

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 ?

Replies (2)                          

CA Damini Agarwal       24 Feb 2020

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 Does this mean you did not serve notice period or you mean to say that you have withdrawn salary from two companies at a time ?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.

CA Kantha Manjegowda       1 Mar 2020

my view, no issue in PF, previous employer may create issue

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C

Chandan

22 Feb 2020

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.

Replies (3)                          

CA Vivek Chiraniya       22 Feb 2020

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 2020

If 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.

CA Kantha Manjegowda       1 Mar 2020

sub contractor liable to service tax (GST)

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