I have 2 new proprietorship businesses (one trading of goods and other offering services) and applied as new registrant for GST under 1 PAN. While I had put a trade name at time of registration, the legal name of business reflecting in my profile on the GST portal is my individual name only as shown on PANcard. I have 2 queries

1- How do I issue invoices and purchase goods for the 2 businesses - in legal name i.e. individual name ? or trade name? considering my trade names are not reflecting in GST profile.

2- How do I add trade names of my 2 businesses for this GST number on GST portal

I am running a medical shop business... Turn over below Rs.75 lakhs. but i provide mobile recharge service also. Recharge of mobile phones under service category and exempt from tax under old service tax and now gst also i think. I have single rc or two separate rc for medical shop business and mobile recharge business. my question is shall i opt composition scheme in gst for medical shop business in both the following situations :

Situation 1 : Only one rc for medical shop and mobile recharge business

Situation 2 : separate rc for each business

Kindly clarify it

if a partnership firm falls under tax audit, will the due date of 30 Sept also be applicable to the active partner in the partnership firm

As a mutual fund distributor dealing with AMC's located out of my state, is it mandatory to register for GST. The annual income from this stream is less than 20 lakhs.
As per my understanding, the AMCs will deduct the applicable GST for unregistered distributors.
To avoid the compliance shackles, can I allow the AMCs to deduct the GST and forego the ITC credit.
My query is "Will I be liable for any action for not registering for GST" considering the fact that the GST on my income is being paid by the AMC under RCM.

Good evening sir,

I am little bit confused about interest on housing loan where property is not in the name of the assessee, but the repayment is made out of his account. Let me ask you with help of an example

Mr. A. has taken a housing loan in the name of his spouse. Whereas his spouse is the owner of the house property and Mr. A. is paying monthly EMI from his account and from his source since his spouse is a housewife.

Can Mr. A. claim interest and principle on housing loan in his return of income ?

If answer is no, then Mr. A claim the interest and principle after transferring the property in his name ?

Sir main gst mein composition scheme lena chahata hoon main vat mein bhi composition dealer tha aur mera gst mein opening stock 400000.00 ka hai jis par vat rate 5% tha ab gst mein tax rate 18% hai to mujhe gst composition mein opening stock par kitana tax jama karna hoga

hi, in case I have recd invoices of manpower or professional services without changing GST Tax, so that will it be applicable for RCM?

Left with just 3 months. i am really worried now. i need some motivation. I am facing problem in consolidation. i can't leave that as it of 16 marks. Any easy notes to understand it?. Thanks

EXPERTS MY CLIENT IS A SERVICE PROVIDER AND PROVIDE FOLLOWING SERVICE IN A FECTORY 1= BUS FACILITY IN A COMPANY FOR EMPLOYEE 2= GTA SERVICE THEN SIR IN ABOVE CASE AT THE TIME OF FILING GSTR1 I WILL FILL BUS SERVICE DETAIL BECAUSE I WILL DEPOSIT GST ON IT. BUT IN CASE OF GTA WHEN SERVICE RECEIVER WILL PAY GST UNDER RCM . THEN IN CASE OF GTA WILL I ALSO FILL SERVICE PROVIDED DETAIL IN GSTR1???

The deposit interest certificate generated by bank site shown interest paid + interest accrued total 6200/-
in which interest income for saving account is 1166/- so if i deduct the interest income of saving account which is within limit of 10k the total interest income including accrued interest is 5034 .

However if i refer 26AS form the interest paid shown by bank is 3200/- which is less that what is mentioned in interest certificate issued by bank - saving account interest .

Why there is difference also for shown interest income should i refer interest income mentioned in 26AS or as per the interest income shown in interest certificate after deducting saving account earned interest .

Thanks in advance