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Arun Gautam
I got my company registered as A Pvt. limited in Delhi. I'm a resident of Ghaziabad so I borrowed the address from someone in Delhi who took some money and gave me documents. After filing in ROC he refused to give me Utility bill.
Now I have to open Current Account for the same.
My question is can the address be changed? If yes, so is it necessary that the new address should of Delhi? or can I use the address of my house that is in Indirapuram or noida's address?
Thanks in advance
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Hi, Its not necessary to have the new address of Delhi, You can use yout Noida's address.
ArunGautam 5 Oct 2017can you get it changed? will the ROC will be still Delhi if we use Ghaziabad address? can we talk?
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Deepu Lg
E: lgdeepu007@gmail.com
Sir, my mother has brought a vacant land in Bangalore in 1995. All most 22 years land. Now we are trying to sell the land for Rs. 30,00,000/- to one of the purchaser. My mother age is approx 55 - 60 years. Please inform whether we need to pay income tax. if my mother divides the property amount to my sisters whether even we need to pay tax. tax. Also please inform how to exempt tax. We are very poor and trying to sell land for marriage of my 2 siblings. if we divide / gift the amount for them the income tax is applicable / exempted. Please inform.
Hi, It will attract Long term capital gain tax, It does not makes any differenece if you divide the property or transfer amount to family members.
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Chirag R
I am planning to start a B2C e-commerce business in India by importing mobile accessories from China. The exporter of goods, Chinese national, is also the 100% investor, i.e by providing the goods without charging for it. After sales in B2C I have to remit outwards to Chinese. Is this inventory based model of e-com allowed ? Ministry of Commerce, Press Note No 3, 2016 says NO. Kindly advise.
This is not allowed as per the FDI guidelines on ecommerce, Its allowed in marketplace model.
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Ravi Mittal
We have a merchant account with Apple/iOS. When someone makes payment on our app in iPhone/iPad, the payment is collected by Apple and then after deducting tax and their commission, they pay the rest of the amount to us.
However, now under GST, Apple is refusing to take our GST no. and have said that all GST payments will be done from their end only. Example, customer pays Rs. 1000 via credit card to Apple. Rs. 152 is deducted as GST and remaining Rs. 848 will be paid to us. So, Apple will pay this Rs. 152 to Indian govt. but will not include our GST no. when paying this.
Doing so, this is a confusion for us since we cannot directly claim that the GST has been paid by Apple and Govt would want us to pay GST on Rs. 1000, resulting in Rs. 152 additional payment, if required by govt to pay.
Also, there are only basic statements available from Apple which only show how much amount they will pay us. There is no mention of GST/TAX deduction anywhere.
How can we ensure that we dont pay GST again when it was already deducted by Apple? Is there a provision under reverse mechanism for such transaction? If yes, please explain how to treat these transactions/sales?
If an e-commerce operator supplies services then reverse charge will be applicable to the e-commerce operator. He will be liable to pay GST.
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Test Channel
I conduct private tutions. I do not sell any goods or service online. But I collect tution fees online through INSTAMOJO, as I do not want to disclose my bank details to every client. Do I need to pay GST on this amount collected? Or Is it suffice to pay income tax?
Fees paid to schools and colleges are exempt from GST however fees paid to coaching insttitutes or private tutions are chargeable to GST.
If your total tution fees in an year is more than 20 Lakhs you will have to charge and collect GSt and pay it.
Income tax and GST are different taxes with no relation to each other.
