A Doctor is practicing in a Clinic with a turnover of Rs.25 Lakhs which is fully exempt from GST and also having rental income of Rs. 3 Lakhs. In order to determine whether GST Registration is required one needs to see the total turnover i.e. turnover from practice + rental income i.e. 28 lakhs or only rental income 3 lakhs ? Whether he is liable to pay GST on rent or not?

Hi,

Can somebody confirm if fixed asset maintenance is compulsorily required under law?

Assess individual I.t. person .loan from friends each one 1 lac *20 members total 20 lacs through on cash mode received.each one pan number and address proof collected.loan used for personal purposes.
Question:
Assess loan from friends accepted in I .t.act

Respected Experts,

We are manufacturer and our turnover is around 250 Cr. and we are liable to collect Tax at
source u/s 206C(1H) w.e.f. 01-10-2020. But we are confused on what value we should collect
tax either on Taxable Value or Invoice Value (Included GST).

Kindly clear this query.

Regards,

Rakesh Sharma

Dear Sir,
One of our client is having a homeopathic medicine shop in the name of Gupta Homeo Kendra. He himself is a homeopathic doctor. The main business of his is selling of homeopathic medicine. If any patient comes to see him he does not charge any fees but his fees is included in his sales of medical bills which he issues. Previously in VAT regime he was showing all his receipts from the sale of medicine and all assessment under vat are done on the basis of the sale of medicine. and in GST we are paying tax under composition scheme @ 1% on sale of goods. Our receipt are average 21-23 lacs a year. My question is are we doing it correctly. Can we surrender our GST number as our sale is below 40 lacs

Dear Members,

We are going to start groundnut business, will purchase with shell and process to without shells.

also trading business for other grains.

Please suggest HSN or SAC code for GST registration

Thanks in advance

A gst registered composite scheme dealer annual return gstr4 in 19-20 filed.
But dealer mistake sales of taxable turnover amount not shown in gstr4 19-20.inward supplies detailes not mentioned.
Question:
1.dealer mistake for sale turnover amount adjustment producure in gstr4 19-20.
2.dealer I.t. return filed as per sec 44 ad 8%profit declared purchases not mentioned i.t return.but gstr4 inward supplies detailes not reported

Dear Sir/Madam,
We have manufacturing unit, we need to send some material/finished goods on non returnanble basis to other vendor/supplier for
1. testing and validation
2.sample

do we need to reverse the ITC on same the same.

please guide

As per I.T Act 1961, Employee's contribution to URPF is not taxable at the time of receipt of Accumulated balance in URPF account on retirement because deduction u/s 80C is not available for such contribution.
Would Employee's contribution to RPF for which deduction u/s 80C has been claimed, be taxed, if Accumulated balance in RPF account becomes taxable on retirement?
Note :-
I am assuming that Balance in RPF account becomes taxable due to conditions of exemption under Section 10(12) not being satisfied.

As Per Notification No.35 /2020/ F. No. 370142/23/2020 – TPL dated 24th June 2020 issued by Govt of India, the due date for filing of TDS Return for Quarter 1, F.Y. 2020-21, has been extended to 31.03.2021.

I am not clear Whether there is any extension for due date of filing of TDS Return for Quarter 2 F.Y. 2020-21 also?

If there is any such extension for Quarter 2, F.Y.2020-21, Please provide the Notification.