sir,
i have a query regarding a matter under GST.
one of the dealer presently engaged in health care (hospital) services having turnover of Rs.300.00 lakhs during last financial year which is presently exempted under GST. Now the dealer wants to start a new medicine shop for which he has to take GST registration.
The question is:-
1) can he opt for Composition Scheme under GST as his turnover from sale of medicine will be less than Rs. 150.00 lakh and he is fulfilling all other conditions for Composition Scheme. However considering his exempted sales of Rs.300 lakh turnover will be more than Rs. 150 lakh presently stipulated for Composition scheme.
2) whether he has to pay Composition tax of 1% on his existing Exempted sales?
3) what will be his liability under Reverse charge mechanism if beimg allowed under composition scheme?
4) what will be his liability under Reverse Charge Mechanism if being allowed under Composition Scheme?
Your valuable suggestion in this matter shall be highly appreciated.

DEAR SIR

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Dear Expert,

Our final goods are exported and we make invoice without export and will claim refund of the GST.
Now my question is that we are sending some material out of India for testing (Final Goods + some spares),
so weather we need to reverse the ITC on the said items or we should pay GST on the same items and adjust with out GST credit balance.

we are thinking to pay GST and adjust with our GST credit and the value will be as declared in the face of invoice.
Please advice.

Good morning Sir,

In my Husband Payslip all allowance under section 10 are given under flexible benefit plan (FBP Residual) head and in Form 16 no split up given regarding allowances under section 10

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Dear Expert,

Our final goods are exported and we make invoice without export and will claim refund of the GST.
Now my question is that we are sending some material out of India for testing (Final Goods + some spares),
so weather we need to reverse the ITC on the said items or we should pay GST on the same items and adjust with out GST credit balance.

we are thinking to pay GST and adjust with our GST credit and the value will be as declared in the face of invoice.

What is the maximum exemption for Gratuity receipt in the case of employees covered under payment of Gratuity Act,1972.

Kindly advice me on the following...
1. Salary income is Rs. 3,00,000 for FY 18-19
2. Intra day net result is Rs. 15,000(loss) but total turnover is Rs. 9,00,000/- (total turnover here refers to sell value and not sum of profit & loss in absolute terms)

My query is can i file Itr 4 on presumptive basis in this case by taking 8% of Rs. 9,00,000/- i.e, 72000 as income from speculation business and Rs. 300,000 salary income...

Kindly suggest whether to use itr 4 or not...Or should i use ITR 3 as I'm ready to show more than 8% of share trading turnover.

Dear Sir,

A person engaged in business of selling of agricultural product ( Wheet, paddy, Cotton) on commission basis ( arthia), i.e., purchase agricultural produce from farmers and sale it to market via KRISHI MANDI, now my inquiry is that In Which Group we make the ledger farmers under Sundry Debtors, Commission Under direct income and seller ? Please advise