Raj Jairam
21 December 2020 at 23:14

GST effect on Crypto

Dear Sir/Madam,
Please suggest following queries:
GST on CRYPTO (BITCOIN) TRADING and ICO:

1. What's on impact of GST
2. Income from Bitcoin (Crypto) is Taxable or Exempt from GST
3. Incase if Taxable , on which things need to pay.
i) Tax on profit (Sales- Purchase= Profit)
ii) On what I received in Bank.
4. HSN /SAC Code of Crypto

Thanks


sunil c

If the Gross Receipts from Profession is less than Rs 50 lakhs , loss arising from Profession which is less than 50% of the Gross Receipt and the Total income does not exceed the basic exemption limit i.e Rs 3,00,000/- (in case of senior citizen). In this case , Tax Audit is required or not ? Please guide us.


sankar ponnan
21 December 2020 at 17:52

Service Bills

SIR
We are exempted GTA. We are incurring the repairing charges for the trucks. As service units are very small units, they do not issue GST invoices regarding the repairing charges. We also accounting them.

We have to face any problem sir?

thanks in adv


M Sairam
21 December 2020 at 17:45

ITR's death of taxpayer

Dear Experts,
Mr.A is dead. Mrs. A wants to file Mr.A's income tax return as a legal heir. For that
1. Affidavit for appointing as a legal heir by herself (apart from the Death certificate, Pan card of Mr. & Mrs.A) is enough while registration as legal heir in legal heir income tax profile.
2. Whose Bank accounts have to give in the return which has to upload in legal heir income tax profile.


shraddha
21 December 2020 at 17:35

RCM

Please tell me the whether the GST is applicable on the renting of the movable properties like plant & machineries, computers, furniture etc…..


manisha
21 December 2020 at 17:27

EPF

Dear Sir,

One of my client had withdrawn their EPF after continue service 5 years
1. Form 10C-Withdrawl Benefit/Scheme Certificate
2. Form 19-Resign- ( TDS deducted as amount of is more then Rs.100000/-)

Now my query is it taxable or Tax Free Income, if it taxable where to show in ITR 1 & It is not taxable even if they deduct TDS on the same, it is taxfree Income under which section.

Sir, please revert I have file her Income tax return.
Kindly help Me


CA Aditya Shah
21 December 2020 at 13:21

IND AS

A private company has its Net worth exceeded Rs 250 Crore during FY 19-20.
When will IND AS be applicable from?


Ravi Singh
21 December 2020 at 11:57

ONLINE SELLING OF QUESTION PAPER

Dear Experts,

I am Ravi SINGH and have been working with a well-established publishing house since 2015.
Recently, we have launched a website where we would like to sell question papers with solutions to the students. Our management has thought that students can buy a subscription to our website with just Rs 50/- for one month. Kindly suggest to me that will this subscription covered under the GST Act? What will be the HSN code for this service and what will be the GST rate on this?

Thanks in anticipation.
Best Regards
Ravi SINGH


Sunil Kumar
21 December 2020 at 11:25

DEBIT NOTE RETURNS

I MAKE A DEBIT NOTE PURCHASE RETURN TO MY SUPPLIER AND SEND IT BY TRANSPORT AND MAKE ITS E WAY BILL BECAUSE VALUE IS MORE THAN 1 LAKH BUT SUPPLIER FIND SOME GOODS ARE WRONGLY SEND TO HIM AND RETURN BACK TO ME NOW HOW I LESS MY AMOUNT


sd. aleem
21 December 2020 at 10:53

Missing Invoices

Hi,
we have a client who is regular in filing GST returns, on occasion of audit we found that some of the GST bills of 19-20 were not posted in their respective returns, Do we have any chance to post them in current month GST returns?

Please help.






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