ASK FREE GOODS & SERVICE TAX(GST)/ INCOME TAX ADVISE FROM AJAY GULATI , CA

QUERY क्या हमें विक्रेता से कार्यालय के लिए खरीदी गई चाय पर जीएसटी का भुगतान करना है? हम जीएसटी के तहत एक पंजीकृत इकाई हैं जवाब दें REPLY यदि आप चाय, कॉफी, स्नैक्स या किसी अन्य खाद्य या पेय को एक विक्रेता से खरीदते हैं जो अपंजीकृत है,  तो रिवर्स चार्ज मैकेनिज्म (आरसीएम) के तहत कर (जीएसटी) का भुगतान करने के लिए आपकी देयता है। जीएसटी के तहत इनपुट क्रेडिट को अनुमति नहीं दी जाने के बाद भी इसका लाभ नहीं मिल सकता है। Ajay Gulati & Co C-66 Shivalik, First Floor New Delhi-110017 Mobile     :9811079215 8383820214 E Mail :  ajaygulati.ca@gmail.com GOOGLE MAP LOCATION LINK https://www.google.co.in/maps/place/Ajay+Gulati+%26+Co.+Chartered+Accountants/@28.539851,77.212274,15z/data=!4m5!3m4!1s0x0:0x1713678e51acff4a!8m2!3d28.539851!4d77.212274

25 जून, 2017 सवाल मैं एक ई वाणिज्य विक्रेता हूं और विभिन्न ई वाणिज्य मंच के माध्यम से बिक्री कर रहा हूं I मेरा कारोबार 20 लाख रुपये से कम है क्या मुझे माल और सेवा कर (जीएसटी) में पंजीकरण की आवश्यकता है REPLY Collections  through E Commerce---------No---->     No Need to Register and avail and 20 lacs threshold limit  Collections through E Commerce----------Yes- ----> Need to Register एक बहुत ही सरल उत्तर, आपको पंजीकरण की ज़रूरत नहीं है, यदि आप केवल ई वाणिज्य मंच पर सूचीबद्ध हैं और खरीदार से अपने उत्पादों की बिक्री के सीधे संग्रह प्राप्त कर रहे हैं और उस मामले में जीएसटी में पंजीकृत से छूट के लिए 20 लाख की सीमा सीमा का लाभ ले सकते हैं यदि आपके संग्रह ई वाणिज्य प्लेटफार्म के माध्यम से होते हैं, जिसका अर्थ है कि वे पहले आपकी ओर से आय एकत्र करते हैं और फिर आपको भेजते हैं, तब तक आप व्यवसाय नहीं कर सकते जब तक आप जीएसटी पंजीकृत नहीं होते।   Ajay Gulati Chartered Accountant( CA) Ajay Gulati & Co C-66 Shivalik, First Floor New Delhi-...

Query I am a E commerce vendor and selling through various E commerce Platform.  My turnover is below Rs 20 lacs .  Do I need to Register in  Goods & Service Tax (GST.) Rangaraju, Chennai. Reply  A very simple reply , you need not register, if you are only listing on the e commerce platform and directly getting collections for the sale of your products from buyer And  in that case you can avail Rs 20 lacs threshold  limit for exemption from registered in GST In case your collections are through the E commerce Platform, meaning they are first collecting proceeds on your behalf and then remitting to you, you can not do business unless you are GST Registered. Thus Collections through E Commerce----------Yes- ----> Need to Register Collections  through E Commerce---------No---->   No Need to Register and avail and 20 lacs threshold limit  Regards, Ajay Gulati Chartered Accountant( CA) Ajay Gulati & Co...

QUERY Do we have to pay GST  on Tea purchased for office from vendor ? We are a registered entity under GST REPLY In case you buy tea, coffee, snacks or any other food or beverage from a vendor who is unregistered , then it is your LIABILITY to pay tax ( GST) under Reverse Charge Mechanism( RCM). Also since input credit is disallowed under GST one can not get benefit of it. Thanks  Ajay Gulati Ajay Gulati & Co C-66 Shivalik, First Floor New Delhi-110017 Mobile     :9811079215 8383820214 E Mail :  ajaygulati.ca@gmail.com GOOGLE MAP LOCATION LINK https://www.google.co.in/maps/place/Ajay+Gulati+%26+Co.+Chartered+Accountants/@28.539851,77.212274,15z/data=!4m5!3m4!1s0x0:0x1713678e51acff4a!8m2!3d28.539851!4d77.212274

Query I am a Service Provider with Inter State Services and having receipts of below Rs 20 lacs Do I need to Register in GST..? ( SreeDhar) Reply  Yes, under GST Registration is required for a service provider if he is a inter state provider of goods or services even if the quantum is below Rs 20 lacs, the threshold limit. The Composition Scheme is also not applicable to a service provider except for Resturant Services. Ajay Gulati Ajay Gulati & Co C-66 Shivalik, First Floor New Delhi-110017 Mobile     :9811079215 8383820214 E Mail :  ajaygulati.ca@gmail.com GOOGLE MAP LOCATION LINK https://www.google.co.in/maps/place/Ajay+Gulati+%26+Co.+Chartered+Accountants/@28.539851,77.212274,15z/data=!4m5!3m4!1s0x0:0x1713678e51acff4a!8m2!3d28.539851!4d77.212274

Query Whether GST is payable on Conveyance  Expenses and other office expenses under Reverse Charge Mechanism( RCM). Dharmesh Pandya Reply Yes it is payable under REVERSE CHARGE MECHANISM(RCM) in Goods & Service Tax under Section 9 if " supply of services is from Unregistered Dealer in the course of business & GST is payable on such services. I hope you I clarified. For any other GST query, please contact Ajay Gulati & Co. Chartered Accountants C 66, Shivalik Colony, Shivalik Road, Malviya Nagar, New Delhi, Delhi 110017 8383820214 098110 79215 ajaygulati.ca@gmail.com https://g.co/kgs/bllQLY

Ajay Gulati & Co C-66 Shivalik, First Floor New Delhi-110017 Mobile     :9811079215 Land-Line : 011-49539335 E Mail :   ajaygulati.ca@gmail.com GOOGLE MAP LOCATION LINK https://www.google.co.in/maps/place/Ajay+Gulati+%26+Co.+Chartered+Accountants/@28.539851,77.212274,15z/data=!4m5!3m4!1s0x0:0x1713678e51acff4a!8m2!3d28.539851!4d77.212274 Dear Mr Ajay I am salaried person employed with a software company in Bangalore. I stay with my parents and the house is owned by my father. My father is also earning decent income.  Can I Pay rent to my father and claim House Rent Allowance ( HRA) in my tax compuation.  My office has previously asked for proof of rent .  It HRA receipt is sufficient or something more is required. Anu REPLY House Rent Allowance paid by the company is subject to provision of Sec 10 (13 A) and you can get exemption from under it , if you stay in rented house .  It is immaterial that who is the owner...

Ajay Gulati & Co C-66 Shivalik, First Floor New Delhi-110017 Mobile     :9811079215 E Mail :   ajaygulati.ca@gmail.com GOOGLE MAP LOCATION LINK https://www.google.co.in/maps/place/Ajay+Gulati+%26+Co.+Chartered+Accountants/@28.539851,77.212274,15z/data=!4m5!3m4!1s0x0:0x1713678e51acff4a!8m2!3d28.539851!4d77.212274 Sir I am a Software Consultant and earning income from outside India. My Yearly Receipt for the previous year 2016-17 is about Rs 20 lacs. I also have one E Commerce business duirng the same period and has earned about Rs 2.5 lacs I also have interest income and Capital Gains on Share income. I wish to opt for Presumptive Taxation under the Income Tax Act.  Please guide. Ram Kumar Reply Dear  Ram You can adopt presumptive taxation under section 40 ADA ( Software Consultancy) and your taxable income from profession shall be @ 50% , that is Rs 10 lacs.   The section is applicable up to a Limit of Rs 50...

Ajay Gulati Chartered Accountant. Ajay Gulati & Co C-66 Shivalik, First Floor New Delhi-110017 Mobile     :9811079215 Land-Line : 011-49539335 E Mail :   ajaygulati.ca@gmail.com GOOGLE MAP LOCATION LINK https://www.google.co.in/maps/place/Ajay+Gulati+%26+Co.+Chartered+Accountants/@28.539851,77.212274,15z/data=!4m5!3m4!1s0x0:0x1713678e51acff4a!8m2!3d28.539851!4d77.212274 QUERY ASKED Hi, I bought a house in 2007(September) @ 8,95,000/- in which the builder has made a sale deed for 4,79,500.00 + an agreement of construction for 1,00,500.00 + additional agreement for improvement of house for 3,15,000.00. Now in 2017 (January) I sold that house for 15,10,000.00 and incurred a brokerage of 60,000.00.   How much tax I should pay for this capital gain, if any? REPLY All of Rs 8,95 lacs be taken as cost of acquisition and improvement and then the same be increased by Indexation . Then from Indexed Cost of Acquisition and imp...