Hi,

I was registered for GST in April 2018. I export services to other countries and get money in USD. I have given no services to Indian companies. I registered because some freelance sites were asking for it.

There was a misunderstanding that people who have turnover below 20 lakhs and who have GST zero rated need not file the returns. I didn't file any.

Now, I get to know that I had to file returns. Since My turnover is below 20 lakhs, I want to cancel GST registration. What should I do for it. How much penalty I have to pay?

thanks

Hi, need to know how one should disclose capital gains in the ITR form in the following scenario:

Total sales consideration - 90L
Received 89 L in December 2018 (i.e. AY 2019-20)
Sale agreement executed in June 2019 (i.e. AY 2020-21) + Final Payment 1 L received on which TDS @ 1% is deducted.

In which year, do I show the sale? Also, in case the sale is reported in AY 2019-20, how do I claim the TDS credit in the next year (AY 2020-21) because since technically in that year I will be offering no capital gains income.

one of my friend is running a cab. he has a contract with a co. they have deducted the tds. My question is how much of income to disclose in returns .Please give your valuable advise as the last day has started.
Thanks in advance,
K.B.Nagesha Rao
9448826793

We made a Sales to a vendor and later on vendor returned the goods and in the books we booked Sales return and raised a Credit note to Vendor.
Now vendor asking us not to show this sales return in GSTR1 instead treat this transaction as Purchase. Is it correct?
They return material to us and show this as Sale to us in their GSTR1. This practice followed by them is right?

One of my friend is running a ca proprietorship firm from last 2 years but from a growth and opportunity perspective I want to enquire whether it should be converted into partnership firm or not??
Are there any additional benefits attached to the partnership forms than proprietorship firm.
And most importantly what will be the additional compliances for a partnership firm.
So the question is what is more beneficial partnership or proprietorship firm?

I have successfully e-verified my both original and revised ITR(let's say Request "New1") where I was getting a refund. However, by mistake I have submitted another request to revise (say Request "NEW2" )-I did not e-verify the latest revise request. Will my previous ITR(Request "NEW1") be taken as final for filing purpose because I did not e-verify Request NEW2? OR it would be taken as if I did not fill ITR ?

i am run finance company how to maintain tally please tell me
My service is SB Account,Loan,FD

Rent relating to the 4th Quarter of F.Y. 2018-19 has been paid/credited on 20-08-2019 by government. whether any penalty due for the submission of 4th Quarter on 31-08-2019.

We are manufacturer and we purchase Vehicle for Goods transport /Freight ( Inward & Outward of Material) purpose , can we take Input tax Credit ( ITC ) on against this Invoice ?

Due date for IT filing to proprietorship is 31st Aug 19 or 30th Sep 2019