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Nitin Singh
I am starting business of sales of E ricksaw. As per GST till RS 40 lacs sale we do not need GST registration. Should we take GST now or wait till sale of Rs 40 lacs as i dont know how much i will end by March 2024. Kindly guide
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Dear Nitin,
No need to take registration immediately, you can wait and when it is about to reach 40 Lacs you can apply for GST. Please keep in mind some time GST reg. gets immediately & some time it may take a month. so you can apply for reg. accordingly.
For further consultation you can approach us on ca.rahuldwivedi@gmail.com or 9004485377
Hi, You are correct that till Rs. 40 Lacs GST registration is not required. However, in case you are purchasing raw materials or other items for your business on which GST is charged by your supplier, then you will be able to take credit of the GST charged on that invoice only if you have GST registration. Hence it is advisable to obtaing GST registration if GST would be included in the purchases to be made for your business.
For more information, kindly connect with us at +91-9911744028 or deepakkucheria@gmail.com
I think you should take GST registration as you can take GST credit and that could reduce your cost. Also, if you are dealing with business they might need GST credit. For GST consultation click here: https://www.taxontips.com/gst-consultation/
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Deepak
I am buying a property. Seller is NRI. They have given me NRE account to transfer the advance. Can i do that or is it not allowed
To transfer the money in NRE a/c , TDS is to be deducted & Form 15 CA & 15 CB is to be submitted before transfer. For professional help, can reach us @ www.tarunguptaca.com or call at 9216216819.
CA Naman Maloo 26 Mar 2023I think that is not advisable you should transfer in NRO account. As you would be required to even file 15CA and 15CB. For consultation click here: https://www.taxontips.com/tax-notice-personal-consultation/
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Abhinow Kumar
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Harpreet Singh
I am a student and received big amount in my bank account from father's bank account in year 2022-2023.do i need to file itr?
Gift from father as explained by the Income Tax Act is not taxable in the hands of the son. However clubbing provisions U/s.64(2) applicable in case when the Son is a Minor. For professional help, reach us @ www.tarunguptaca.com.
Dear Harpreet,
Money can be received in two ways 1) Gift & 2) Loan.
Please confirm are you going to return it or not accordingly it can be shown, however proper documents needs to be in placed.
For further consultation you can approach us on ca.rahuldwivedi@gmail.com or 9004485377
Its a gift and since it is from your father you won't be required to file return if you don't have any other income.
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Promila
I have a website which sell digital services. The monthly income from the website is 15000 Rs. Do I need to get registered for GST and proprietorship. Currently I am accepting payments through payment gateway through personal PAN.
Providing Services through own website within the state or Outside State:.Threshold limit will be applicable, not required to be compulsorily registered under GST. For professional help, reach us @ www.tarunguptaca.com
I don't think currently you need any GST registration.
For consultation CLICK HERE: https://www.taxontips.com/gst-consultation/
