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Question & Answer


S

Sumit Pawar

14 Oct 2019

I am from mumbai and i am planning to start selling on amazon FBA so i wanted to know what registrations are required to start selling (i am not the manufacturer)

Replies (2)                          

CA Anshul Goyal       14 Oct 2019

Assuming you are startibg a Sole proprietorship firm, You need GST registration, shop act registeation,. Also if you will deal in food items, you so need FSSAI license as well. Kindly contact me at caitanyavrn@gmail.com for obtaining all these licenses.

CA Naman Maloo       14 Oct 2019

If you are going to sell from home just apply for GST registration which is mandatory.
You can mail at canamanmaloo@gmail.com for more details.

T&C apply


K

Krishna Singh

12 Oct 2019

I bought tv for 10k and paid via chk next day I returned to store and issued stop payment .. no store is saying I have to pay get on returned goods .. and demanding 1400. Do consumer have to pay gston returned items?

Replies (1)                          

CA Naman Maloo       13 Oct 2019

No GST on returned goods as such but it depends on terms of seller.

T&C apply


K

Krishna Singh

12 Oct 2019

Hello sir one quick query if you could advise. If I buy tv from store and return next day and issue stop payment of cheque is that fine? Seller is asking me to pay gst and bank charges of total 1400 something. I was forced to stop pay cuz he was hostile on return request.

Replies (1)                          

CA Anshul Goyal       12 Oct 2019

From your question it seems that you purchased the tv on installments and gave cheques for future installments. Try to give a valid reason of return and also check if the seller has any return conditions attached to TV. Also you need to document that you have returned the tv to the seller. Stop payments might protect from cheque bouncing but there may be other legal remedies.

T&C apply


S

Sandeep Butaney

12 Oct 2019

I am planning to sell my house for 2.04 cr in bandra west, Mumbai and then buy a property in Goa.

The buyer does not want to pay cash to an extent that he is questioned by the authorities.

What is the best way we can work this out so that we are both at ease.

Replies (3)                          

CA Naman Maloo       12 Oct 2019

If you are going to purchase a new house property in Goa and will invest entire amount in new property then you wont face any capital gain.
Best way would be to have a private consultation with a CA.

If you need any assistance feel free to contact me at canamanmaloo@gmail.com

CA Anshul Goyal       12 Oct 2019

Take amount in bank acount to the extent of registry value and excess in cash. But do not deposit cash in bank else you might be selected for assessment.

CA Anshul Goyal       12 Oct 2019

Accept amount in bank account to the extent of registry value and excess of registry value .

T&C apply


A

Akshaye

11 Oct 2019

Hi, I'm talking behalf of a friend who is a foreign citizen. He wanted to buy a company which is currently under propreitorship. I know that a Foreigner cant do a propreitorship business here. So What are the other possibilities of aquiring it? I mean converting the propreitorship to limited or something like that.

Replies (2)                          

CA Siddhartha Bhardwaj       11 Oct 2019

The proprietorship has to be converted into a private limited company. Then the foreign citizen can acquire shares in the company.
For assistance in conversion to private limited and change in ownership, contact us on ca.sidbhardwaj@gmail.com

CA Anshul Goyal       12 Oct 2019

A foreigner can do a business in india and open a liason office with the prior permission of RBI under FEMA rules

T&C apply