A person operate mobile recharge shop. In a year total recharge amount 30lakhs and receive 3% commission on total recharge amount .how to do.....
if he take gstin no. then he will be tax pay or not?
14 Replies
Purnima Sharma
(14 Points)
Replied 08 October 2017
He does not required GSTN. Recharge amount is already GST paid amount
khetaram
(Student CA IPC / IPCC)
(42 Points)
Replied 08 October 2017
but bank manager says that gstin no. is required otherwise u cannot withdraw amount
Purnima Sharma
(14 Points)
Replied 08 October 2017
why did you open a bank account ?
you can use your saving account.
you can use your saving account.
khetaram
(Student CA IPC / IPCC)
(42 Points)
Replied 08 October 2017
he has operate only one saving account but bank manager refuse to withdraw amount becoz any time account bank approx 5 to 10 lakh . he is doing every transation in account then how to do?
RAJA P M
("Do the Right Thing...!!!")
(128091 Points)
Replied 08 October 2017
Registration required for commission business...
khetaram
(Student CA IPC / IPCC)
(42 Points)
Replied 08 October 2017
I think not cover under composition scheme ......
RAJA P M
("Do the Right Thing...!!!")
(128091 Points)
Replied 08 October 2017
Only regular scheme...
g mahesh Mundra
(Business and tax consultant)
(3296 Points)
Replied 08 October 2017
I think no need to open current account
khetaram
(Student CA IPC / IPCC)
(42 Points)
Replied 08 October 2017
but monthly transaction 4 to 5 lacs
g mahesh Mundra
(Business and tax consultant)
(3296 Points)
Replied 08 October 2017
are you distributor of recharge company or retail recharge
RAJA P M
("Do the Right Thing...!!!")
(128091 Points)
Replied 08 October 2017
| Originally posted by : g mahesh Mundra | ||
 |
are you distributor of recharge company or retail recharge |  |
Any one....
What is your exact reply for the Business transactions...?
Explain the difference of SB & Current account,,,!
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