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Akshay Yadav
I recently started dropshipping business in India, so I have currently been holding no inventories, I'm just operating the online E-commerce site and my suppliers are from China, USA, Thailand, UK. I am not selling any products in India, my suppliers are doing each and everything from branding, invoicing to deliver. So doing business as a proprietor in India, I applied for GST as a tax collector instead of tax payer? Shall I apply again for GST, or Is there any mistake in GST registration.
And one more thing if in the future, in case I sell my products in Inida, and all suppliers are same as mention above, what GST shall I pay, while filing for GST return?
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In such dropshipping business you are not required to at all register under GST.
In case you sell in India you need to first pay GST on import and then pay GST based on goods you are selling.
If you need professional assistance feel free to contact me at canamanmaloo@gmail.com
Thanks naman.. But according to govt. rules you have to register under GST if you are doing an e-commerce business in India even if you are not selling anything in India, so for dropshipping business I'm doing, I already registered under GST as a tax collector is right choice or shall i reapply as a tax payer now?
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Shashank
Gud evening sir /mam I joined in software company in August 2019 with salary package of 3.8LPA .For me is there is a need to pay Income tax in March 2020?
it depends on your salary computation and other details. for more info call @ 9587334442
CA Abhishek Agarwal 22 Jan 2020Will depend whether salary from this software company is only your source of Income or you have any other sources of income also. for any professional assistance or additional query each out to me at 8861200411.
CA Naman Maloo 24 Jan 2020No
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Shailesh
We registered or business as LLP in feb 2019, but started doing business by June 2019. So when do we need to file for roc compliance and how much do it cost.
we have to understand the whole situation. You can contact us for detail at 9718046555
CA Naman Maloo 24 Jan 2020You will just need to file Nil return but the fees would depend on your consultant.
If you need any professional assistance feel free to contact me at canamanmaloo@gmail.com
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Rajesh
Already i have SBI site loand, now i am going for construction loan. can i combined together to claim for income tax benefit ?
depends what type of loan you are talking about. for more info call @ 9587334442
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Vivek Bhatnagar
I have sold a commercial property recently & would like to check my LTCG tax liability W.r.t. present index rate. Please advise the authentic website, where I can find current index rates of properties in order to work out my tax liability.
You can find the same on incomtax india website or you can have a look at it from https://www.taxontips.com/2019/10/25/what-is-cost-inflation-index-and-when-its-useful/
If you need any professional consultation feel free to contact me at canamanmaloo@gmail.com
